BRIDGE Housing Opens First Los Angeles Property
- Apr 20, 2015
Los Angeles—This Thursday, BRIDGE Housing will welcome a number of local dignitaries to celebrate the grand opening of its first completed affordable housing property in Los Angeles. The opening of Sage Park Apartments, at 1304 West 177th Street, will be recognized with a ribbon-cutting ceremony and refreshments.
Set on a 3-1/2-acre site on the north side of the Gardena High School campus, Sage Park Apartments will offer 90 affordable family apartments in a mix of one-, two- and three-bedroom floor plans. Common-area amenities will include a fitness room, community room with kitchen, laundry facilities, computer lab, community garden and landscaped courtyards. The community will offer professional on-site management.
Among the apartment features will be dishwashers and, in some units, balconies.
Residents with incomes ranging from 30 to 60 percent of Area Median Income will be eligible to rent at the community.
In addition to being located just north of Gardena High School, Gardena Adult School and New Millennium Secondary School, Sage Park Apartments offers families a location near shopping, casual eateries and the Gardena-Carson Family YMCA.
The Gardena Freeway and San Diego Freeway, among other major highways, can be easily reached from the property to take residents to a wide range of area employers.
Sage Park Apartments was developed through a partnership between BRIDGE Housing, the Los Angeles Unified School District and the Los Angeles Housing and Community Investment Department. Steinberg Architects served as the architectural firm, while Portrait Construction was the general contractor.
Financial partners included the California Tax Credit Allocation Committee, Bank of America Merrill Lynch, California Community Reinvestment Corporation and the New Generation Fund, in addition to the Los Angeles Unified School District and the Los Angeles Housing and Community Investment Department.
Expected speakers at the grand opening include Councilman Joe Buscaino of District 15, Los Angeles City Council, as well as officials of the Los Angeles Unified School District, Bank of America Merrill Lynch and BRIDGE Housing.
San Francisco-based BRIDGE Housing is involved in project finance, development, property and asset management and portfolio management.