In a decisive move to bolster affordable housing in Los Angeles County, the Board of Supervisors has approved a substantial cash injection for new veteran-focused housing projects in Downey and Santa Fe Springs. With a total budget of $62 million, the initiative is set to deliver 144 units to low-income veterans, who often struggle to secure a stable place to live in the pricey Southern California housing market, according to the County of Los Angeles, California.
"Our veterans face some of the toughest hurdles to securing stable, safe, affordable housing. These projects are going to be a lifeline for hundreds of those brave men and women who served their country but who now are struggling to make ends meet," Supervisor Janice Hahn expressed in a statement, emphasizing the significant role the new housing will play in honoring the service of veterans. The Veterans Commons Project in Downey will soon be able to call up to $44,000,000 in bonds to finance the development of 100 units that vary from one to three bedrooms.
Notably, the Downey project is situated for convenience near a future Metro line stop. At the same time, the Santa Fe Springs endeavor, with $18,112,500 backing, targets senior veterans with 44 new units predominantly consisting of studio apartments, as per the County of Los Angeles, California. Both sites are being structured as more than just a roof over the heads of veterans. They’re planned as communities, featuring amenities geared towards building a higher quality of life – from outdoor courtyards and play areas to supportive services provided by non-profits like PATH and Affordable Living for the Aging, Incorporated (ALA).
This new infrastructure aims to significantly ease the difficulties of securing affordable living spaces for those who have donned the uniform. Backed by bond financing, the projects stand to create a crucial pathway toward stability for a population often left to struggle to access the most basic of necessities: a place to call home. The Veterans Commons Project is preparing to serve unhoused veterans earning between 30% and 50% of the Area Median Income. In comparison, Santa Fe Springs Village will cater to senior veterans earning between 30% to 60% of the Area Median Income, according to details released by the LACDA.
