Developing affordable housing in Los Angeles just got a bit easier as the City of Los Angeles and Enterprise Community Partners announced this week a $100 million fund aimed at providing financial assistance to non-profit and for profit developers of affordable housing projects.
More information on this fund can be found in this MarketWatch Article as well as through Enterprise.
Here at Modative we are interested in the opportunities this fund can provide for innovative affordable housing projects in Los Angeles. Although much of affordable housing is geared towards the rental market, we have always had an interest in providing home ownership possibilities for people of all income levels utilizing the small lot subdivision ordinance. More info on Small Lot Subdivision in L.A.