Metro committee weighs $25 million loan for 97-unit workforce housing near Leimert Park
All units would be rent-restricted at 80% of area median income, with a recorded hiring preference for Metro employees.
Metro would lend up to $25 million to build 97 apartments on Crenshaw Boulevard, with all units reserved first for income-eligible Metro employees at reduced rents. The Executive Management Committee considers authorizing the CEO to negotiate the 55-year loan; groundbreaking is targeted for Summer/Fall 2027.
What happens next
Groundbreaking targeted for Summer/Fall 2027 if the loan is authorized
Named in this record
- Los Angeles County Metropolitan Transportation Authority 14
- Treehouse Leimert
- Leimert PropCo LLC
- The Apex Collaborative LLC
- The Nathaniel
- Leimert Park K Line Station
- Executive Management Committee 3
MetroPhoto: Steve Hymon/Metro, Public domain, via Wikimedia Commons
Photo: Steve Hymon/Metro, Public domain, via Wikimedia Commons
