Villas las Americas is an urban infill development that replaced an 0.8-acre vacant site in the Panorama City area of Los Angeles’ San Fernando Valley.
The development includes 55 affordable family units with 2-4 bedrooms, built with Type V wood construction over Type I concrete underground parking. The development is conveniently located near The Plant shopping center and on a Rapid bus route. Amenities include a courtyard, tot lot and community clubhouse. In addition, free social services and classes are provided to tenants.
Design exceeds Title 24 energy efficiency standards by 15%.
The project was financed with $13,354,000 in 9% Low-Income Housing Tax Credits that were allocated in 2006. The Los Angeles Housing Department funded $4,657,000.
Occupancy began in 2008.
8 units – 30% AMI
8 units – 40% AMI
21 units – 50% AMI
17 units – 60% AMI
1 unit – Manager
AMCAL General Contractors
SunAmerica Affordable Housing Partners
California Community Reinvestment Corp.
Los Angeles Housing Dept.