Homeless Housing Build Receives Tax Credit

LOS ANGELES-Affirmed Housing Group and PATH Ventures have received a 9% tax credit to fund construction efforts of Vermont Villas, a 79-unit multifamily complex. The development will provide permanent homeless housing to senior veterans and special needs seniors. Construction is scheduled to begin in April.

“This new community will help homeless seniors and specifically homeless senior veterans, an underserved population in need of community assistance,” James Silverwood, president of Affirmed Housing Group. “Affirmed prides itself on being innovative and original and this community, being the first of its kind in Southern California, will be positive proof of that.”