April 9, 2024

RELEASE: Board of Supervisors Greenlights Combined $62 Million in Bonds for Downey and Santa Fe Springs Affordable Housing Projects

Projects will deliver total of 144 new units of affordable housing for low-income veterans

Los Angeles, CA – Today, the Los Angeles County Board of Supervisors authorized the Los Angeles County Development Authority (LACDA) to seek bond financing for two separate affordable housing developments aimed at low-income veterans. The projects, one in Downey and the other in neighboring Santa Fe Springs, will bring a combined 144 new units of affordable housing to the area.

“Our veterans face some of the toughest hurdles to securing stable, safe, affordable housing. These projects are going to be a lifeline for hundreds of those brave men and women who served their country but who now are struggling to make ends meet,” said Supervisor Janice Hahn, who represents Downey and Santa Fe Springs. “This is one more way in which we can honor their service.”

VETERANS COMMONS, Downey. Abode Communities

In Downey, the Veterans Commons Project, located at 11269 Garfield Avenue, will offer 100 one-, two-, and three-bedroom units of new housing as well as amenities such as an outdoor courtyard, a barbeque area, play areas for children, a roof garden, and laundry rooms. Today’s motion authorizes LACDA to use bonds for up to $44,000,000 to finance this project, which will serve unhoused veterans earning between 30% and 50% of the Area Median Income. Once it opens, Metro’s future Southeast Gateway Line from Downtown LA to Artesia will serve the community with a stop less than a quarter of a mile away.

SANTA FE SPRINGS VILLAGE, Santa Fe Springs. Affordable Living for the Aging, Incorporated (ALA)

For the Santa Fe Springs Village Project, located on Broadway Avenue just south of Washington Boulevard, the Board authorized LACDA to seek up to $18,112,500 in bond financing. The multifamily housing project will provide 44 units of new housing, mostly studio units. These units will serve senior veterans earning between 30% to 60% of the Area Median Income.
At both sites, residents will also have access to case managers and supportive services. At the Veterans Commons Project, those services will provided by PATH, while at Santa Fe Springs Village they will be provided by Affordable Living for the Aging, Incorporated (ALA).

Do you live in the 4th District?

Skip to content