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Chinatown Pilot Project: Little Tokyo Service Center Acquires Site for Affordable Shared Housing
Foundation: California Community Foundation
Los Angeles is about to get its first new building of affordable housing in a decade.
A nonprofit called Little Tokyo Service Center will break ground Wednesday on 823 Cleveland, a five-story, 53-unit apartment building in Chinatown that will include nine suites of five to six bedrooms and a shared kitchen and living area, reports the Los Angeles Times.
It will be paid for by private funders including Apple, the California Community Foundation, and Genesis LA.
"There's plenty of co-living properties that are out here in Los Angeles, but I think we might be one of the first to experiment with affordable, income-restricted shared housing," says Debbie Chen, a real estate director forLTSC.
"We want this to be a community hub," she says.
"There's a lot of effort and attention being focused now on ways we can help keep people housed and help reduce their rent burden."
There are 24 available and affordable rental units for every 100 households in LA earning at or below 50% of the median income, reports the Times.
Chen tells KABC-TV that "the affordable housing crisis is citywide and countywide," and "we do see the severe impacts of this housing crisis, which by now many people recognize is inextricably linked to the homelessness crisis
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