Metamorphosis on Foothill

Status: In construction

13574 Foothill Boulevard
Sylmar, California

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Description

Metamorphosis on Foothill will provide 48 apartments, 47 of which will be reserved for small families or individuals that are experiencing homelessness. Twenty-four of these apartments will be reserved for chronically homeless individuals. All 47 apartments will be fully furnished and be subsidized with Section 8 project-based vouchers from the Housing Authority of the City of Los Angeles. Apartment amenities will include a full kitchen, bathroom, heating, air conditioning and furnishings. On-site supportive services and case management will be provided.

The apartment complex will feature resident parking, secured entry, supportive service and management offices, bike storage, a park with ADA walking paths, community garden planters, a small orchard, a bioswale, a community room and kitchen, and on-site laundry. It will be developed to meet GreenPoint Gold standards, using sustainable and energy-efficient features.

Metamorphosis will be within close walking distance of multiple Metro bus stops, food and retail options, grocery stores, a pharmacy, several full-service banks, Gridley Street Elementary School and a US post office.

Financing includes 4% low income housing tax credits, tax exempt bonds, proceeds from Measure HHH, Column Financial, and the Federal Home Loan Bank of San Francisco. Clifford Beers Housing has teamed up with Abbey Road to develop this project. Together, they will work with Togawa Smith Martin for architecture and design services; Levine Management Group will provide property management and Penny Lane Centers will provide supportive services.

At A Glance

Co-developer: Abbey Road
Architect: Togawa Smith Martin
Contractor: GB Construction
Property Management: Levine Management Group
Support Services: Penny Lane Centers
Expected Completion Date: September 2020
Tenant Mix: Small families or individuals that have faced chronic homelessness and homeless with special needs
Apartments: 47 apartments and 1 manager’s apartment
Rental Rates: 47 units subsidized with Section 8 project-based vouchers
Funding Sources: Bank of America, National Equity Fund, LA Housing and Community Investment Department: Proposition HHH, California Housing Finance Agency (bond issuer and permanent lender), Housing Authority of the City of Los Angeles (subsidy), Federal Home Loan Bank of San Francisco – Affordable Housing Program, Column Financial
Expected Total Development Cost: $25,000,000

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