January 6, 2020, LOS ANGELES — Mayor Eric Garcetti today celebrated the opening of 88th and Vermont, the first HHH-financed supportive housing development to be completed since the bond measure passed in 2016. The Mayor was joined at the ceremony by Supervisor Mark Ridley-Thomas, Councilmember Herb Wesson, as well as numerous community leaders.
Since taking office, Mayor Garcetti has acted with unprecedented urgency to confront the homelessness and housing crisis — from expanding the homelessness budget to 25 times what it was four years ago, to launching the A Bridge Home shelter program, which is getting unhoused Angelenos off the streets immediately while HHH-funded projects are built. Rather than relying exclusively on federal, state, or county dollars, Mayor Garcetti and the City Council came together in 2016 to create a local funding source to invest in the permanent, effective, and cost-efficient model of supportive housing for tackling and ultimately ending homelessness.
Mayor Garcetti led the coalition to pass Proposition HHH, a $1.2 billion bond designed to leverage financing to more than triple L.A.’s annual production of supportive housing and support the addition of 10,000 units for homeless Angelenos across the city. Since Proposition HHH passed in 2016, more than 118 permanent supportive housing developments have received funding commitments, 20 are in construction, and another 30 are expected to break ground this year. In addition, another 64 supportive housing units financed with other resources also completed construction this month.
Developed by Women Organizing Resources, Knowledge, and Services (WORKS) and Community Build Inc., the 88th and Vermont project broke ground in April 2018 and saw the first tenant move into the building in December 2019. Construction of the housing project generated more than 160 construction jobs.
The site features 46 permanent supportive housing units for transitional-aged youth (18-25 years), veterans, and households with special needs experiencing chronic homelessness. There are an additional 14 units for very low-income families and individuals, as well as two managers’ units. The LEED Gold Certified design also includes a youth and family support center that offers services to local youth through the Mayor’s Gang Reduction and Youth Development (GRYD) program and helps connect Angelenos with the job training and academic resources needed to secure employment or schooling.
Rents at the development range from $473 per month for a studio unit to $703 per month for a three-bedroom apartment. Rent subsidies for tenants will be provided by the LA County Department of Health Services Flexible Housing Subsidy Pool (FHSP) program and the Housing Authority of the City of Los Angeles (HACLA), through Project-Based Section 8 vouchers.
88th and Vermont is the first project to receive a building permit using the Transit Oriented Communities (TOC) Affordable Housing Incentive Program guidelines. The program allows for land-use incentives such as increased density, floor area, and reduced parking requirements based on proximity to transit and the percentage of affordable housing provided. Since its creation, more than 10,100 housing units have been approved under the TOC program.
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