Mayor Eric Garcetti and other leaders broke ground Friday on a supportive housing community in Exposition Park for homeless veterans and others without a residence.
"Everyone in our city deserves safe housing --- and we're going to keep accelerating our drive to get people off the streets and under a roof," Garcetti said. "We are starting a new chapter in Expo Park, and I'm proud that our community is coming together to provide homes, dignity, and a new start to Angelenos in desperate need."
The $32 million RISE Apartments at 4050 S. Figueroa St. are for people earning 30 to 50 percent of the area median income who are transitioning into a supportive housing community.
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"This is another giant step in the city's effort to eliminate homelessness and ensure our most vulnerable people have a shot at living a life of dignity and respect," Councilman Curren Price said. "RISE Apartments offer hope, opportunities and new beginnings and the fortunate individuals that will one day call RISE their home can and will prosper. I wholeheartedly believe that permanent supportive housing is the answer, which is why to date I've authorized the construction of nearly 500 PSH units in the 9th District alone."
The complex will include 56 residential units fully furnished, a community room, a residential courtyard, roof terraces, bike storage, covered parking, onsite management and laundry facilities. The building also will provide three supportive services/case management offices.
"We are grateful to the men and women who have bravely served our country, and consider it our duty to ensure veterans have access to decent affordable housing and supportive services," Supervisor Mark Ridley-Thomas said. "I salute RISE Apartments for helping veterans rise out of homelessness."
The complex is partially funded through $9.5 million in Proposition HHH funds, a $1.2 billion bond measure approved by Los Angeles voters in 2016, and other sources, including a preliminary reservation of four percent of low income housing tax credits in the amount of $917,604 annually over a 10-year period from the California Tax Credit Allocation Committee, which is paired with $16.2 million in tax exempt bonds from the California Debt Limit Allocation Committee.