In the heart of Santa Monica kicked off the construction budget of the residential complex. LCD called «Asylum» (The Arroyo) will provide a roof over your head dozens of low-income families.
The project, which will be a significant contribution to a city Fund for affordable housing, led by Community Corporation of Santa Monica. In a five-story building will be located 64 apartments: 29 studios, 18 one-bedroom and 17 two-bedroom.
To qualify for these families earning from 30 to 60% of the average in the region.
LCD «Asylum» will be located on Lincoln Boulevard in the four hundred meters from the school and the metro Expo. In addition to residential units there will be two rooms for guests, gym, Parking lot 63 of 126 cars and bikes. Throughout the building there will be free Wi-Fi.
In addition, Community Corporation of Santa Monica promises to offer the future tenants of computer lessons on health, day-care centers for children and even a free ticket for public transport.
LCD «Refuge» will be the largest project for the construction of affordable housing over the last three years. It is planned to be commissioned in the autumn of 2018.
Note that in 1990, residents of Santa Monica voted for a rule that 30% of all new housing units should be available, but last year the figures were below normal by as much as 11%.
Despite the fact that the problem of resettlement of low-income residents in the region is acute enough, the city did not Fund the initiative. Funds for the construction agreed to provide the developer of the neighbouring project 500 Broadway in exchange for permission not to include residential units for the poor. The missing part of the funding will be obtained in the framework of Low-Income Housing Tax Credit.
