AMCAL Multi-Housing Begins Construction on Hollywood Affordable Community
- May 15, 2013
Agoura Hills, Calif.—AMCAL Multi-Housing has just started construction on a 40-unit affordable property called The Argyle Apartments, a development in Hollywood, Calif.
“The Argyle Apartments creates a housing opportunity for families and residents of all ages,” an AMCAL spokesperson tells MHN. “The building has a unique mix of unit types, with a wing of mostly one-bedroom units reserved for qualifying seniors, as well three-bedroom units for families. This division will allow multiple generations to live together in one building, but to also enjoy separate quarters with their peers.”
The units will feature private balconies, storage space, modern kitchen and bathrooms and on-site laundry facilities. Community amenities will include an outdoor courtyard and barbecue area, tot lot and seating areas. Additionally there will be a 1,400-square foot community room that will include computers and a kitchenette.
The Argyle Apartments, designed by Killefer Flammang Architects, will also include free social services from LifeSTEPS for residents, such as computer training, job skills training, ESL classes, health and nutrition programs and parenting classes.
Additionally, the community will include several eco-friendly features, such as Energy Star Appliances, and is expected to exceed Title 24 energy standards by at least 17.5 percent.
“The green element is that the project is expected to receive LEED platinum certification, the highest level of certification of Leadership in Energy and Environmental Design,” the AMCAL spokesperson says.
The Argyle Apartments received an allocation of $9.5 million in 9 percent Low-Income Housing Tax Credits that was awarded in 2012. Tax credit equity is provided by Hudson Housing Capital Construction and permanent loans are provided by Chase. The Los Angeles Community Redevelopment Agency has funded $3.4 million.
The community will be subject to a minimum low-income use period of 55 years.