Project Specifications

Total Units: 60
  • 30 2-Bedroom
  • 30 3-Bedroom
Affordability: 100% Affordable
  • 30%, 45%, 50% AMI
  • Completed in 2013
Role
  • Owner • General Contractor • Property Manager • Co-Developer & Co-Supportive Services Provider with East LA Community Corporation
Financing Sources
  • LIHTC - 9%
  • Chase Construction Loan
  • Hudson Housing Capital
  • LA County Industry Redev TI Funds
  • LA County HOME
  • LA County Maravilla Redev TI Funds
  • LA County CDBG
  • LA County 1st District CMD Funds
  • HCD IIG (Infill Grant)
Onsite Amenities
  • Community Center • Smoke-free community
  • Playground • Subterranean parking
  • Learning Center/Computer Lab
  • 11 live/work units for resident small businesses
  • Onsite property management and maintenance
  • Energy efficient appliances
New Construction (Family)
Alta Vista
5051 E. 3rd Street, Los Angeles, CA 90022

Alta Vista is a transit-oriented, mixed-use, 100% affordable development that offers low-income families quality housing with easy access to community resources. Located across from the Gold Line in East L.A., Alta Vista meets LEED Silver standards
for efficiency and low environmental impact while designated live/work
units allow residents to invest in their own small businesses.

Social Services

Hope through Housing manages a Family Opportunity Center at Alta Vista, utilizing a bundled service model that brings local nonprofit partners East LA Community Corporation (ELACC) and Pacific Asian Consortium in Employment (PACE) on site to provide economic mobility programs to residents and their businesses.

Programs Offered

  • Financial coaching and case management
  • Entrepreneurial training
  • Access to micro-loans
  • Computer skills classes
  • Health and well-being workshops
  • Afterschool tutoring and enrichment program
  • Free tax-filing services

Anticipated Outcomes

Economic success after one year as one of the following:

  • 5% increase in income
  • 5% reduction in debt-to-income ratio
  • 50-point increase in credit score
  • Enrollment in college
  • Acquisition of a skill or certification
  • Savings accumulation to two weeks of total out-of-pocket expenses

<< BACK TO: PORTFOLIO SEARCH

FOLLOW US: fb   linkedin twitter instagram
Join our Mailing List »