Los Angeles, CA – (RealEstateRama) — On November 3, at 4:00 pm, Mayor Garcetti, Councilman Mitch O’Farrell, state and local leaders will join affordable housing developer Abode Communities, land owner Los Angeles Unified School District (District) and residents for the grand opening celebration of Selma Community Housing in Hollywood.
Built to improve access to affordable housing and promote employee retention and life-work balance of staff at the adjacent Selma Elementary School, the 66-apartment, service-enhanced and transit-rich development prioritizes homes for families and District employees earning between 30 percent and 60 percent of area median income.
− Eric Garcetti, Mayor, City of Los Angeles
− Richard Bloom, Assemblymember, California State Assembly District 50
− Jerome Horton, Member, California Board of Equalization District 3
− Mitch O’Farrell, Councilmember, Los Angeles City Council District 13
− Steve Zimmer, President, Los Angeles Unified School District Board of Education
− Robin Hughes, President & CEO, Abode Communities
− Mark Hovatter, Chief Facilities Executive, Los Angeles Unified School District
− Imili & MD Islam, Residents
Selma Community Housing features an innovative joint-use that includes 67 residential parking spaces, short- and long-term bicycle parking, and 50 parking spaces during the day for District staff of the adjacent Selma Elementary School which supplements Hollywood’s limited public parking supply by night. The $32.9M LEED-rated development was made possible through a 66-year ground-lease contribution from the District valued at $1.9 million and private equity provided by Union Bank through the syndication of Low Income Housing Tax Credits, America’s and California’s main tool for creating and preserving affordable rental housing.
4:00 PM, Thursday, November 3, 2016
Selma Community Housing, 1605 N. Cherokee Avenue, Los Angeles, CA 90028
Direct: (213) 225-2730
Cell: (310) 529-4814
mfolland (at) abodecommunities (dot) org