The Los Angeles City Council approved the issuance of up to $12.9 million in revenue bonds for the acquisition, development, and equipping of the Second Street Andrews Apartments. This 65-unit scattered-site multifamily affordable housing project includes 45 units at 1511 South St. Andrews Place and 20 units at 1309 2nd Avenue. The bonds will be issued by the California Statewide Communities Development Authority, with regulatory compliance ensuring adherence to ADA standards and non-discrimination policies.
This bond issuance supports the creation and improvement of affordable housing, addressing critical housing needs and contributing to the well-being of the community through a scattered-site approach.