Thanks in part to the LACDA and homeless services organizations, Michael now has the keys to his own home.
The Pointe on Vermont is a mixed-use affordable housing development with 25 apartments of supportive housing for people who are experiencing or transitioning from homelessness, 24 apartments for low income households, one apartment for an onsite resident manager, and approximately 2,000 square feet of ground floor commercial space.
The four story building will provide housing for individuals below or at 60% of the area median income. It will also have a community room with a kitchen, onsite case management and property management offices, bicycle storage, a retail commercial lease space, and a recording studio in partnership with A2Z Enterprises.
St. Joseph’s Center will provide onsite supportive and resident services for all of the residents to help them maintain their health, wellbeing and self-sufficiency.
Funding for The Pointe on Vermont is provided by the city of Los Angeles through Measure HHH, HOME, and Community Development Commission/Housing Authority of the County of Los Angeles, the Los Angeles County Development Authority, conventional debt by US Bank and CCRC, and tax credit equity by US Bank.