Las Alturas, located at 3545 E. Whittier Blvd. in the Boyle Heights neighborhood, will consist of 77 one-bedroom units in a five-story building. Like Broadwood Terrace, the units will meet accessibility requirements and the complex is within close proximity of services and amenities such as public transportation, a grocery store and Robert L. Stevenson Library.

“U.S. Bank is pleased to partner with Retirement Housing Foundation, a highly respected developer in California and across the country,” said a statement from Sean Foley, president of U.S. Bank in Southern California. “We are committed to providing funding for affordable housing in Southern California, and senior living is an important and necessary component to these communities.”

In addition to construction funding, a $30,000 donation will be presented to RHF from the U.S. Bank Foundation for support of its operations. U.S. Bank has given RHF more than $160,000 in the last 10 years.

Tiena Johnson-Hall, vice president of community lending for U.S. Bank in California, serves on the Angelus Plaza Committee for RHF, and recently implemented new financial tools that save RHF a substantial amount of money by leveraging the size of their organization to maximize benefits received from utilities and vendors that serve their properties. U.S. Bank also just approved $1-million loan for working capital.

“RHF is grateful for U.S. Bank's partnership in these new communities as we seek to address the nation's critical need for more affordable housing,” said Rev. Laverne Joseph, D.D., president of Retirement Housing Foundation.

As previously reported in GlobeSt.com, a new mixed-use senior citizens housing building recently debuted in Hollywood. Underscoring the need for such housing was the fact that over 4,000 inquiries were made about residing in the new complex.