Affordable Senior Housing Community Opens in LA
Fifty units are set aside for military veterans and seniors experiencing homelessness.
Weingart Center has opened 11010 smB, a 51-unit fully affordable and age-restricted community in Los Angeles. Perkins & Will Architects designed the building and Swinerton was the general contractor of the property that was built using modular construction methods.
Developed for senior military veterans and homeless seniors aged 62 and over, the supportive housing community includes a total of 25 units which have project-based vouchers for persons referred through Los Angeles County’s Coordinated Entry System and 25 units for homeless veterans with Veterans Affairs Supportive Housing Vouchers. All these apartments are set aside for residents earning between 30 and 50 percent of the area median income. One unit is a two-bedroom apartment for management.
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The City of Los Angeles originated a total of $23.8 million in financing for the development, according to Yardi Matrix data. Wells Fargo Bank also provided a $750,000 construction loan for 11010 smB, which is seeking LEED Gold certification, the same source shows.
Extensive supportive services
The five-story building encompasses 50 studios that range between 315 and 400 square feet. Common-area amenities include a fitness center, a rooftop deck, a community room, two laundry facilities and parking spaces. The pet-friendly property also offers supportive services such as medical and mental health care, substance use counseling, case management and legal assistance.
Subject to a 55-year unsubordinated net ground lease held by the City of Los Angeles, 11010 smB was built on a former city-owned parking lot located at 11010 Santa Monica Blvd., near the intersection of Interstate 405 and Route 2. West Los Angeles VA Medical Center and Ronald Reagan UCLA Medical Center are within a 1.8-mile radius from the community.
Recently, another fully affordable and age-restricted community opened in Los Angeles. Abode Communities’ Adams Terrace comprises 84 units and is designated for seniors who formerly experienced homelessness.