Groundbreaking of El Nuevo Amanecer
9.04.2019
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LISC StoriesAffordable Housing
Earlier this summer, the East LA Community Corporation (ELACC) held a groundbreaking ceremony for the soon-to-be-built El Nuevo Amanecer Apartments in unincorporated East Los Angeles. The new community will consist of 61 units of affordable housing, with 21 units of permanent supportive housing set aside for homeless veterans. The remaining 28 units will be set aside for low-income families. Prior to the project’s launch, LISC provided ELACC with $425,000 of early-stage predevelopment financing, equipping ELACC with the necessary capital to carry out predevelopment activities and move toward construction closing.
The ceremony comes on the heels of the recent release of the 2019 Greater Los Angeles Homeless Count results, which reported a 12 percent increase in the homelessness rate in LA County. Thanks to efforts like ELACC’s previous project, the 96-unit Sun Valley Senior Veterans Apartments, the homeless veteran count has dropped somewhat since 2017, but Los Angeles still contains one of the largest homeless veteran populations in the country.
In collaboration with the veteran support group New Directions for Veterans, ELACC’s construction of El Nuevo Amanecer is representative of a multi-pronged approach towards curbing veteran homelessness. El Nuevo Amanecer embodies that approach by providing access to New Directions for Veterans’ on-site social services for veterans and their families, and additional services through ELACC’s Tenant Services division that include after-school tutoring and financial literacy. Furthermore, all tenants will enjoy the building’s amenities, including 61 residential parking spaces, 10,000 square feet of commercial retail space, four laundry rooms, two community rooms, a recreational courtyard, fitness room, a community garden and terrace, and bicycle parking.
LISC LA is proud to be a part of this effort that connects homeless veterans with a community of their peers, one that gives them hope, enriches their lives, and helps reclaim their independence.
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