Related California Breaks Ground on La Kretz Villas Supportive Housing in Hollywood

Related California has broken ground on a 49 unit SRO development that will provide supportive housing for formerly homeless and special needs tenants in Hollywood. Designed by Killefer Flammang Architects, the development will transform a vacant lot, which was donated in part by philanthropist Morton La Kretz, into modern efficiency apartments, community space and social service offices. The units and common areas are designed to foster community amongst residents, and provide independent living with supportive services. The development team is a strategic partnership between PATH, one of the area’s most experienced homeless service providers and Related California, one of the state’s most experienced developers of affordable rental housing.
Located one block away from the PATHMall, comprehensive homeless services center, LaKretz Villas is a prime example of the supportive housing model for ending homelessness. In addition to stable, permanent housing, the project’s future residents will have access to one on one case management and a broad array of supportive services such as career center, adult education, substance abuse rehabilitation and health clinic.
La Kretz Villas is financed with 9% tax credits and funding from the Los Angeles Housing Department and the Community Redevelopment Agency of the City of Los Angeles. Tax credit equity was provided by Raymond James and a construction loan from Citibank. In addition, project based Section 8 from the Housing Authority of the County of Los Angeles will enable deep affordability for tenants.

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Related California Breaks Ground on La Kretz Villas Supportive Housing in Hollywood
11/29/2010 Related California has broken ground on a 49 unit SRO development that will provide supportive housing for formerly homeless and special needs tenants in Hollywood. Designed by Killefer Flammang Architects, the development will transform a vacant lot, which was donated in part by philanthropist Morton La Kretz, into modern efficiency apartments, community space and social service offices. The units and common areas are designed to foster community amongst residents, and provide independent living with supportive services. The development team is a strategic partnership between PATH, one of the area’s most experienced homeless service providers and Related California, one of the state’s most experienced developers of affordable rental housing.
Located one block away from the PATHMall, comprehensive homeless services center, LaKretz Villas is a prime example of the supportive housing model for ending homelessness. In addition to stable, permanent housing, the project’s future residents will have access to one on one case management and a broad array of supportive services such as career center, adult education, substance abuse rehabilitation and health clinic.
La Kretz Villas is financed with 9% tax credits and funding from the Los Angeles Housing Department and the Community Redevelopment Agency of the City of Los Angeles. Tax credit equity was provided by Raymond James and a construction loan from Citibank. In addition, project based Section 8 from the Housing Authority of the County of Los Angeles will enable deep affordability for tenants.