At its meeting later today, the Los Angeles County Board of Supervisors is poised to advance a proposal for an Atlanta-based developer to construct an affordable apartment complex in the unincorporated community of Willowbrook.
Integral Group is seeking up to $15 million in bond financing to facilitate the construction of a multifamily rental housing development at a vacant lot at 11731-11739 Holmes Avenue. The project is described as a three-story building that would contain 61 studio, one-, two-, and three-bedroom apartments, reserved for households making between 30 and 60 percent of the area median income. Additionally, plans call for 27 of the apartments to be occupied by transition age and homeless youth, as well as 10 to be occupied by homeless individuals and the remaining 23 to be occupied by families.
A report from the Los Angeles County Housing Authority recommends that the Board of Supervisors adopt a resolution declaring its intent to issue multifamily housing mortgage revenue bonds to finance site acquisition and development of the project, which is called Ashley Willowbrook.
The Willowbrook project would become the ninth in Integral Group's collection of "Ashley" mixed-income rental apartment developments, and just the second to be located outside of the company's home state of Georgia.
- Developers Target County-Owned Properties in Willowbrook (Urbanize LA)