Description

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.

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