Chavez Gardens
About the project
Abode Communities is a nonprofit social enterprise that has been rooted in community development throughout the State of California since 1968. More than an affordable housing provider, their work fosters a culture of housing inclusion by integrating families and individuals with neighborhoods so communities at-large can thrive. Their mission is to create service-enhanced affordable housing and socially-beneficial community facilities that promote the social, economic, and physical transformation of underserved communities.
Abode Communities is located in Los Angeles, CA.
LISC provided 1 million dollars in the form of a predevelopent loan to support the development of a 110-unit housing development that will include units affordable to housholds earning between 30-50% of AMI. A 30% participation loan was sold to CSH, Corporation for Supportive Housing.
Partner:
Abode Communities
Location:
Los Angeles, CA
Total Investment:
$1.0 million
Results:
110 units
6 jobs created or preserved
3,000 sq. ft.
Project Category:
Affordable Housing
Product:
Predevelopment
Website:
UN SDGs:
