One of CHC’s Most Impactful Projects Under Construction

In 2016, Community Housing Capital (CHC) began working with the Little Tokyo Service Center (LTSC) to build 187 deeply and permanently affordable apartments in Los Angeles, California. Using a $4.6 million draw from its $5.5 million line of credit with CHC, LTSC acquired three adjacent sites. Combined with sites owned by the Los Angeles County Metropolitan Transit Authority (MTA), the project encompasses nearly an entire city block. Rising as a series of 6-story buildings above the Red Line’s Vermont/Santa Monica Station in East Hollywood, the new apartments will be 100% permanently affordable. Apartments will serve extremely low-income residents with earnings at or below 50% of the area median income (AMI), with 85 of the apartments at 30% AMI or below. In 2019, CHC renewed the original land acquisition loan and increased it to $7.1 million to cover a substantial portion of predevelopment costs.