County Provides Construction and Permanent Financing
for the Low-Income Family Development
Los Angeles, October 3, 2013 – Officials from the Community Development Commission of the County of Los Angeles (CDC) joined the developer, East LA Community Corporation (ELACC), in a community celebration marking the start of construction of Sol y Luna, a 53-unit multifamily affordable housing development in the Los Angeles neighborhood of Boyle Heights. The CDC has provided $2,325,230 in City of Industry funds for construction and permanent financing.
Sol y Luna is reserved for families making between 30-50% of the area median income. The development will offer family units between one and three bedrooms in size, with two units reserved for onsite managers. Construction is scheduled for completion in September 2014. The development will be accessible to public transportation, schools, employment centers, and neighborhood amenities. The building will include four residential stories above a ground commercial floor and will also feature a community room, laundry facilities, and an edible garden.
Resident services will include parenting, nutrition, health classes, after school tutoring, financial literacy education, homebuyer education, and green living workshops that highlight resource conservation, recycling, and healthy cleaning products.
The building, which is located within Los Angeles County’s First Supervisorial District, will incorporate many environmentally conscious features that exceed state guidelines, such as a solar electric system that will provide 10% of the building’s electricity needs, a solar thermal hot water system that will displace 40% of the energy needed for hot water, four electric vehicle recharging stations, and a greywater system that will re-use laundry water for landscaping irrigation. First District Supervisor Gloria Molina stated, “Sol y Luna incorporates the latest environmentally conscious technologies into a beautiful development that respects the culture of the community and its residents.”
For more information on Sol y Luna, please call ELACC at (323) 863-8040. All media may contact Elisa Vásquez, CDC Public Information Officer, at (626) 586-1762.