Status: In construction
283 W. Imperial Highway
Los Angeles, California
Latest stories about Isla Intersections
Isla Intersections will provide 54 new one-bedroom units with 53 affordable to households earning less than 40 percent of the area median income and one apartment for management staff. All of the affordable apartments will be reserved for formerly homeless households, including 27 for individuals who have experienced chronic homelessness. Thanks to the Home Depot Foundation, 10 of these will be reserved for homeless military veterans. These apartments will be subsidized with Section 8 project-based vouchers from the Housing Authority of the City of Los Angeles and the VA. Apartment amenities will include a full kitchen, bathroom, heating, air conditioning and furnishings. Supportive services and case management will be provided on-site by American Family Housing.
Isla will utilize an innovative construction method in the form of shipping containers strategically oriented to minimize noise and air pollution from the nearby freeways. The apartment community will open on to a shared street and public space called the Annenberg Paseo. This paseo will contain a lush landscape called a living lung, comprised of trees, irrigated by a greywater system, which will reduce air, noise and light pollution from the surrounding freeways. Just north of Harbor Gateway, Athens Way between W. 113th Street and Imperial Highway is an ideal space for the shared street, which will reduce vehicular speeds to 5 miles per hour, improving neighborhood safety.
Financing includes 4% low income housing tax credits, tax exempt bonds, proceeds from Measure HHH loan funds, the Home Depot Foundation and the Annenberg Foundation.
2021 Sustainability Awards
CBH is proud that Isla has been chosen as a winner of the 2021 Sustainability Awards, recognizing excellence in coordinating land use and transportation to improve mobility, livability, prosperity and sustainability.
At A Glance
|Co-developer:||American Family Housing|
|Architect:||Lorcan O’Herlihy Architects (LOHA)|
|Property Management:||Levine Management Group|
|Support Services:||American Family Housing|
|Expected Completion Date:||May 2021|
|Tenant Mix:||100% supportive|
|Apartments:||53 apartments and 1 manager’s apartment|
|Rental Rates:||53 apts @ 40% AMI|
|Funding Sources:||Enterprise Community Partners (Investor)
Housing and Community Investment Department of the City of Los Angeles – Measure HHH proceeds
Key Bank (Construction loan and Permanent loan)
The Annenberg Foundation (Grant)
Genesis LA Economic Growth Corporation (Predevelopment loan)
Corporation for Supportive Housing (Predevelopment loan)
The Home Depot Foundation (Grant)
National Equity Fund (Grant)
Housing Authority of the City of LA project-based Section 8 vouchers (Subsidy provider)
Veterans Affairs Supportive Housing vouchers (Subsidy provider)