CASA CARMEN

Los Angeles, CA

Casa Carmen Senior Apartments is a residential property constructed using Low-Income Housing Tax Credits (Housing Credits) located in Los Angeles, California. The three-story elevator-serviced building provides 24 one-bedroom homes for chronically homeless seniors ages 62 and over, as well as one two-bedroom home for the resident manager. The 24 residential homes are restricted to individuals earning 30 percent or less of the Area Median Income. The property incorporates the historic facade of a commercial building previously on the site, with the remainder of that structure having been demolished to make way for the newly constructed building.

The 24 residential units are restricted to individuals earning 30 percent or less of the Area Median Income. Rents for all residents are subsidized through the Flexible Housing Subsidy Pool Program, which is funded by Los Angeles County and the Conrad N. Hilton Foundation and administered by the County Department of Health Services (DHS). As the targeted population is chronically homeless seniors who are living with mental illness, substance abuse issues, or a long-term health condition, Brilliant Corners, a California non-profit, in addition to administering the rent subsidy payments, will administer a$65,000 annual supportive services subsidy from DHS to provide for wrap-around intensive case management services at the property at no cost to residents.

Community amenities include on-site management, offices for management and service providers, an elevator, central laundry facility, a business center/computer lab, community room, off-street parking and 10 parking spaces.

This property was financed using the Low-Income Housing Tax Credit (Housing Credit). Financing for Casa Carmen was facilitated by R4 Capital Funding. The developers are 1010 Development Corporation and Valued Housing II, LLC.

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