Linc Breaks Ground on LA Affordable Project
It’s the developer’s third community in this neighborhood south of downtown Los Angeles.
Linc Housing Corp. broke ground on Seaglass, a 51-unit affordable housing development in Compton, Calif. Development costs clocked in at $28.6 million.
Walton Construction serves as the general contractor, while D33 Design & Planning provided architectural services.
Seaglass is set for completion in late 2026. The developer has set aside 50 one-bedroom apartments for residents earning at or below 30 percent of the area median income. The remaining two-bedroom unit will be reserved for management.
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The construction site is at 12611 S. Willowbrook Ave., about 13 miles south of downtown Los Angeles. Several transit stops, as well as Dr. Dre’s Childhood Home, are within walking distance.
Amenities at the three-story community will include indoor and outdoor community spaces, a garden, bicycle parking, as well as office spaces for supportive case management. Future residents can access mental and physical health services, employment and substance use counseling, among others.
Linc’s affordable trio in Willowbrook
California Department of Housing and Community Development provided $8 million for the development. Additional funding included $6.2 million from the Los Angeles County Development Authority; California Bank & Trust originated a permanent loan, while Raymond James contributed with LIHTC equity. Los Angeles County will hand out rental subsidies through project-based vouchers.
Seaglass is Linc’s third affordable development in neighborhood. The other two communities are the 100-unit Springhaven and the 61-unit Mosaic Gardens.
The developer’s newest project kicked off on the site of a former Drew Child Development Center, which relocated to Linc’s Springhaven, less than 1 mile away. When completed, Seaglass will connect to the neighboring Mosaic Gardens community through an outdoor space allowing residents access to shared amenities.
Los Angeles affordable completions set to go up
Several affordable projects kicked off in the market last year. Among them were Thomas Safran & Associates’ The Arlington, with 84 units, and Agave, a 58-unit community under development by a partnership of EAH Housing and Union Station Homeless Services.
Metro Los Angeles’ pipeline included more than 10,000 units within fully affordable projects as of February, according to Yardi Matrix data. Upward of 7,000 of these are slated for delivery in 2025, should market conditions hold steady. This would be more than double the affordable deliveries of last year, 3,119 units.
