Arctaris Invests $13.6M Equity into LA Opportunity Zone Liv DTLA

Arctaris Impact Investors, LLC, a Boston-based firm dedicated to supporting revitalization initiatives in marginalized communities, recently made a significant equity investment in Liv DTLA, a $67-million market-rate affordable housing development situated in Los Angeles' South Park neighborhood. This investment signifies Arctaris Impact's inaugural foray into Opportunity Zone ventures in Los Angeles.

Funding Details

The financing for the Liv DTLA project is a collaborative effort. Arctaris Impact contributed $13.6 million in equity, complemented by a $34.9-million loan arranged through the United Way of Greater Los Angeles' Affordable Housing Initiative. Additionally, $18.1 million in equity was previously secured from CrowdStreet and other impact-driven high-net-worth individuals.

Project Overview

The housing project, located at 1411 S. Flower St., consists entirely of studio apartments and is overseen by Housing Diversity Corp., a Seattle-based real estate manager specializing in large-scale multifamily properties. Currently, construction has reached 85% completion. Upon its conclusion, the project will offer a total of 227 units, with 40% designated for extremely low-income and voucher-subsidized households, aligning with the mission of providing affordable housing solutions to underserved communities.