National CORE today officially broke ground on Prisma Loft Apartments, a transformative new affordable housing development that will bring 75 high-quality apartment homes, including live/work lofts and creative spaces, to the heart of Pomona.
Designed to serve families, young professionals and individuals with developmental disabilities, Prisma will deliver critically needed housing just steps from Pomona’s vibrant downtown arts district.
Joined by city officials, elected leaders, and local stakeholders, National CORE celebrated the launch of a development that combines affordability, creativity and community revitalization at the corner of Mission Boulevard and Palomares Street. Apartments will be available to residents earning between 30% to 60% of the area median income.
“Prisma Loft Apartments will show how affordable housing can revitalize neighborhoods and support lasting change. The development will turn an underutilized piece of land into a source of hope and opportunity for families,” National CORE Chief Development Officer Alexa Washburn said.
The development will include 12 one-bedroom, 27 two-bedroom and 21 three-bedroom apartments, along with 15 innovative live/work lofts and 11 units reserved for individuals with developmental disabilities.
State Sen. Susan Rubio called the community a celebration of progress, partnership and the bright future of Pomona.
“This development reflects the heart of our community and the promise of what affordable housing can achieve,” Rubio said. “As we celebrate the fifth anniversary of the San Gabriel Valley Regional Housing Trust this year, I’m proud to see our collective work continue creating affordable homes with creative spaces and essential services for families.”
Designed to foster both community and creativity, Prisma Loft Apartments will also feature an 800-square-foot gallery, resident lounges, a landscaped courtyard and a large public mural by acclaimed artist Oscar Magallanes, in partnership with Arteco Partners.
Pomona Mayor Tim Sandoval emphasized the city’s commitment to housing that strengthens community ties while supporting economic development.
“One of the city’s priorities is to provide our residents with housing choices that enable them to continue living in Pomona,” Sandoval said. “National CORE’s Prisma Loft Apartments will include affordable apartment homes that enable individuals and families to live within our thriving arts district.”
Less than a mile from the Pomona Arts Colony and the Pomona Transit Center, Prisma Loft Apartments are poised to serve as a model for housing that blends affordability, culture, and accessibility.
“Prisma Loft Apartments brings together affordable housing, creative spaces and neighborhood revitalization. This development is a powerful example of how affordable housing can also activate our downtowns and corridors, blending housing, art and local commerce to create vibrant, inclusive communities,” said Jed Leano, chair of the San Gabriel Valley Housing Trust, which is helping fund the community.
The $57 million development is funded by a collaborative effort among local, state and federal partners, including the City of Pomona, Bank of America, Century Housing, the California Department of Housing and Community Development, HUD and the San Gabriel/Pomona Regional Center.
“Prisma Loft Apartments is an important part of Pomona’s downtown redevelopment plans, providing critical workforce housing, including live/work lofts and apartments designed for individuals with disabilities,” said Sindy Spivak, Community Development Bank executive, Bank of America. “Bank of America was pleased to provide construction financing and tax credit equity to our longtime development client National CORE to help make this development a reality, along with Hope Through Housing, which provides onsite supportive services to residents, and City, State and San Gabriel Valley regional partners.”
Onsite services will be provided by the Hope through Housing Foundation, with specialized care for residents with developmental disabilities supported by the San Gabriel/Pomona Regional Center.
“Our department remains focused on doing everything in our power to expand availability of affordable rental housing in the greater Los Angeles area, as unprecedented wildfires tragically displaced so many in an already tight rental market,” said Gustavo Velasquez, director of the state Housing and Community Development Department. “Through our Infill Infrastructure Grant program, we are proud to lay the groundwork to make these future homes possible.”
U.S. Rep. Norma Torres said Prisma Loft Apartments will be a perfect fit for Pomona’s historic downtown area while also meeting the affordable housing needs of the area.
“A stable, affordable home is the foundation for everything – promoting a child’s ability to learn, providing a new start for adults and ensuring our seniors can thrive in their own homes. I’m proud to have secured $800,000 in federal funding to help bring the Prisma Lofts Apartment to life,” Torres said. “Prisma Lofts Apartment provides added features that will make it a perfect fit for Pomona’s thriving Arts Colony. It’s a terrific blend of much-needed affordable housing and a focus on serving our community.”
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