Vistas del Puerto

Status: In construction

1836 Locust Avenue
Long Beach, California

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Description

Vistas del Puerto will provide 48 apartment homes, including 47 affordable for households earning between 30 percent and 50 percent of the area median income and one manager’s apartment. Half of the apartments will be reserved for households that are frequent utilizers of the Department of Health Services (DHS), including people with chronic health conditions and those who have experienced homelessness. The remaining apartments will be designated for large families.

The apartment complex will feature large community spaces, on-site parking, secured pedestrian entry, management and support service offices, bike storage, a bike lounge, edible garden planters, a community room complete with a kitchen, an outdoor courtyard, and on-site laundry. It will be developed to meet Green Point Gold environmental standards using energy efficient and sustainable features. Apartment amenities will include a full kitchen, heating and air conditioning. Apartments reserved for DHS clients will be fully furnished.

The site is close walking distance to a grocery store, pharmacy, schools, public library, medical clinic, and public transit, including the Metro Blue Line and Long Beach Transit bus stops. The site is also in close proximity to Mental Health America’s Homeless Healthcare Center.

At A Glance

Architect: Killefer Flamang Architects
General Contractor: Dreyfuss Construction
Property Management: Levine Management Group
Support Services: Mental Health America
Expected Completion Date: July 2020
Tenant Mix: Families with income of less than 30%-50% of the area median income (AMI)
Apartments: 47 apartments and 1 manager’s apartment
Rental Rates: 24 units @ 30% AMI, 23 units @ 50% AMI
Funding Sources: Genesis LA, Corporation for Supportive Housing, Wells Fargo Bank, N.A., Nine Percent Low Income Housing Tax Credit Equity, Community Development Commission of the County of LA, Long Beach Community Investment Corporation, California Community Reinvestment Corporation, Los Angeles Department of Health Services (subsidy), Brilliant Corners (subsidy)
Expected Total Development Cost: $26,500,000

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