LOS ANGELES-A public-private partnership of ROEM Development, La Cienega LOMOD and the City of L.A. Housing Authority has opened a new 100-unit affordable apartment complex for seniors at 410 N. Hawaiian Ave. Called Dana Strand Senior Apartments, the project was designed by architectural firm KTGY Group Inc. to LEED Silver specifications, is smoke-free and is designated for seniors with annual incomes at or below 30% of the Los Angeles County area median income.
Dana Strand, which occupies the site of a former public housing project, is a three-story building, with 82 parking spaces. It represents the third phase of the redevelopment of Dana Strand Village, the former public housing site.
The city housing authority entered into a limited partnership with Dana Strand Senior LLC to develop the $22.3 million complex, which was financed with 4% Low-Income Housing Tax Credits and tax-exempt bond financing via the Freddie Mac Credit Enhancement Program.
Dana Strand partnered with Citi Community Capital and the housing department for financial support. Additionally, the project was awarded 99 Project Based Section 8 vouchers through HUD.
Project amenities include a computer center, a community room and energy-efficient appliances along with a wide array of resident services, including computer classes, ESL classes, and resident events. General contractor for the development was ROEM-ICON Contracting Group Inc.
The announcement regarding the opening of the new project quoted Los Angeles Mayor Antonio Villaraigosa, who said, “We believe that our residents are the ones who benefit the most from these public/private collaborations. Thanks to our partnership with ROEM, we are building affordable housing at the Dana Strand Senior development which the city has found to be indistinguishable from market-rate housing.”
The new development highlights the positive impact that public and private organizations can have in local communities as they work together to provide quality, affordable housing for its senior residents, according to Jonathan Emami, vice president of ROEM Development Corp., and Jay Abeywardena, vice president of Citi Community Capital.
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