Palm Vista has entered it’s final stages of construction at the project site in Winnetka in the San Fernando Valley. The project is yet another with our friends at GTM Holdings, but marks our first time working with HCHC (Hollywood Community Housing Corporation) The structure topped out over the summer with an event attended by local political leaders and will have its exterior siding, plaster finishes as well as windows installed as we usher in the new year. The unit interiors are in their finishing stages and mock-ups of cabinetry are currently being completed.
Though it was originally entitled as a market-rate project, the team purchased and quickly re-entitled it as a 94-unit,100% affordable project using SB1818 zoning incentives. Funding sources include LACDA No Place Like Home Funds, HCD MHP, LACDA Housing Trust Funds, CTCAC 4%/CDLAC, and HCD IIG Funds.