West Terrace

6576 West Blvd, Los Angeles, CA
Los Angeles County

West Terrace is a new construction project which will bring 64 new units of permanent supportive housing for homeless and low income households to the Hyde Park neighborhood of Los Angeles. West Terrace will provide sorely needed housing to 56 homeless households, including those with severe mental illness, as well as 7 very low income households in Los Angeles County, along with wrap-around on-site supportive services provided by A Community of Friends. Of the total units, 56 are affordable to tenants earning 30 percent of Area Media Income (AMI) and 7 are affordable to tenants earning 50 percent of AMI.

West Terrace was A Community of Friends’ fastest project from conception to development, benefited from California’s SB 35 entitlement streamlining.

Merritt Community Capital Corporation is proud to provide $11.9 million in tax credit equity capital to this critically needed development in Southern California.

West Terrace

Project Details

Sponsor(s):

A Community of Friends

Completed Date:

Est. 2022

Tax Credit Equity:

$11.9 million

Property Type:

Supportive Housing

Total Project Costs:

$32.2 million

Financial Partners:

Citi Community Capital, Housing & Community Investment Department of the City of Los Angeles, Los Angeles County Development Authority, Housing Authority of the City of Los Angeles, Union Bank, and the Federal Home Loan Bank of San Francisco

Developer Type:

Forprofit

Total Units:

64

Project Status:

Construction

Mix of Units:

14 studio; 29 one-bedroom; 20 two-bedroom