A housing project in Skid Row, considered the largest homeless community in Los Angeles history, broke ground on Tuesday.
The Weingart Towers include a 19-story high-rise at S. Crocker St. 555-561 and a 12-story high-rise at S. San Pedro St. 554-562. Together they add up to about 382 units, about three times as many units in the next largest development funded by Proposition HHH.
A rendering shows the Weingart Center Towers planned for Skid Row in LA. Photo credit: Swinerton
The voting initiative passed in November 2016 provided around $ 1.2 billion to build 10,000 units for homeless Angelenos.
“Weingart Towers embodies everything we promised Angelenos when they said ‘yes’ to Prop HHH and enabled us to create these comprehensive solutions to homelessness,” said Mayor Eric Garcetti. “This development is a clear indication of how far we have come in our mission to deliver the high quality, durable support units that homeless Angelenos desperately need and deserve – and is an exceptional example of the kind of project that is becoming a reality lets progress in this crisis. ”
The first phase of the project, the construction of the tower on Crocker Street, will cost $ 160 million – including $ 32 million from Proposition HHH – and is expected to be completed in 2023. Forty of the 278 units will be reserved for veterans. and all residents receive support services.
The second tower, slated to begin construction in the summer of 2022, will have 104 units and will be funded with $ 16 million from Proposition HHH. Along with the Proposition HHH funding, the development received funding from Los Angeles County Development Corporation, Pacific Western Bank, an affordable housing and sustainable communities grant for the state of California, and 4% equity for low-income home tax loans.
The project receives Project Section 8 vouchers from the Los Angeles Housing Authority and Veterans Affairs Vouchers for Veterans Affairs in support of housing.