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Disposition and Development Agreement for Affordable Housing at 216-224 South Avenue 24, Los Angeles, CA

  • When: 2023/12/12
  • Address: 216-224 South Avenue 24, Los Angeles, CA
  • City: Los Angeles
  • State: CA
  • Category: Affordable Housing
  • Asset Class: Specialized Housing
  • Property Type: Affordable Housing

The Los Angeles City Council approved a disposition and development agreement for the transformation of City-owned property at 216-224 South Avenue 24 into affordable housing. The development agreement allows Women Organizing Resources Knowledge and Services (WORKS) and GTM Holdings to proceed with the construction of affordable and supportive housing units on the site. The project includes a categorical exemption under the California Environmental Quality Act and aims to provide community-serving housing solutions on previously underutilized land. This agreement involves a transfer of jurisdiction from the Los Angeles Department of Transportation to the Los Angeles Housing Department.

Why it Matters

This decision emphasizes the City of Los Angeles' commitment to increasing affordable and supportive housing in response to homelessness and housing insecurity. The project utilizes City-owned property to deliver community-focused housing solutions, improving the area's housing stock and providing stability for vulnerable populations.

Source

Applicant - Women Organizing Resources Knowledge and Services (WORKS) and GTM Holdings


Ownership - City of Los Angeles


Developer - Women Organizing Resources Knowledge and Services (WORKS) and GTM Holdings


Allowed Uses: Development of affordable and supportive housing as per disposition and development agreement terms.