Linc and National CORE Launch 6-Story Affordable Housing Complex in San Pedro

In the heart of Downtown San Pedro, a collaborative effort among developers has given rise to a new affordable housing complex at 456 West 9th Street. This six-story venture, a testament to community-focused urban planning, offers a blend of affordable housing units, commercial spaces, and convenient onsite residential services.

Collaboration in Concrete: Linc Housing and National CORE Lead the Way

At the helm of this transformative project are non-profit organizations Linc Housing and National CORE. Working in tandem, they've orchestrated the development, while the architectural blueprint is masterfully drawn by RRM Design Group. The celebratory inauguration in late October marked the official unveiling of this innovative housing initiative, aptly named after its location at 456 West 9th Street.

Diverse Living Spaces: A Closer Look at 456 West 9th Street

Distinguished by a total of 91 residential units, this affordable housing complex offers a spectrum of living arrangements. The units, strategically allocated for households with incomes ranging from 30 to 80 percent of the local median, encompass one-bedroom, two-bedroom, and three-bedroom configurations. On the ground floor, a 4,900-square-foot commercial space adds vibrancy to the community.

Modern Living: Beyond Bricks and Mortar

Renderings of the project reveal a contemporary podium-style building equipped with enticing onsite amenities. Residents can look forward to a community room, a well-equipped gym, play areas for children, a picturesque picnic terrace, and a spacious community lawn. The development has already garnered significant interest, with over 4,300 pre-applications received, as highlighted in a press release by the developers.

Funding the Dream: A Mosaic of Financial Support

Making this vision a reality required a mosaic of financial support. The project secured funding from HOME funds managed by the Los Angeles Housing Department, tax credit financing orchestrated through Raymond James, a construction loan courtesy of Bank of America, and a permanent loan provided by the California Community Reinvestment Corporation. The City of Los Angeles played a pivotal role by contributing the land for the development, repurposing a city parking lot into a flourishing community hub.