A 49-apartment supportive housing project broke ground in North Hollywood, Thursday, as the city continues efforts to combat homelessness.
The $21 million for the project will be provided by proposition HHH, which passed in 2016 and opened up $1.2 billion to house the homeless, Citi Bank, who is providing 4% in income tax credits and Federal Home Bank.
Mayor Eric Garcetti was at the site of what will be known as the Vanowen Apartments, along with City Councilman Paul Krekorian, members of Daylight Community Development and Decro Corporation.
“Through Proposition HHH, we have created thousands of new supportive housing units, exceeding our goal of 1,000 per year by 50 percent,” Mayor Garcetti said. “With every new groundbreaking and ribbon cutting, we welcome home Angelenos who have been living on the streets for far too long and set them on a path to a better future.”
Construction of the apartments are scheduled to finish in late 2022.
“In the last 16 months, we have added hundreds of bridge housing beds in my district, including three tiny home villages,” Councilman Krekorian said. “With 49 units of permanent supportive housing, the Vanowen Apartments represent an important expansion of the housing stock in CD2. This project, which was funded by Measure HHH, provides further evidence that the City is deeply committed to building safe, secure housing for our neighbors experiencing homelessness.”