Real Estate Development

Completed Projects

 

Historic Dunbar Hotel Apartments

-          Completed in 1988

-          73 Single Units

-          3,500 square feet of Commercial Space

-          Historic Lobby, Atrium Room, and Gallery Space

Financing: City of Los Angeles, Low Income Housing Tax Credits

 

Somerville Place Apartments I & II

-          Completed in 1996

-          41 two, three, and four bedroom Family Units

-          7,500 square feet of commercial space / Adaptive Reuse

-          HeadStart Child Development Center – Urban League

-          Two Community Rooms

Financing:  City of Los Angeles, Low Income Housing Tax Credits,

Section 8, Washington Mutual, Foundation Grants

 

43rd Street Apartments

-          Completed in 1998

-          5 one bedroom Units

-          Targeting the Very Low Income Population

Financing: City of Los Angeles, HOME Funds, Washington Mutual

1211 East 43rd Street

 

Renaissance Apartments

-          Completed in 2003, comprised of four separate properties

-          Targeting the Very Low Income Population

Financing: City of Los Angeles, HOME Funds, Cleaninghouse CDFI,

            Broadway Federal Savings & Loan

      

760 East 41st Place                                                                                1000 East 41st Place

 

      

1156 East 51st Street                                                                              505 East 65th Street

 

 Renaissance Housing Rehab Program

-          Rehabilitation in 2003-2004

-          35 Single Family Homes, 1 Multi-Family Building

-          Pre- and Post-Homebuyer Education

-          IDA and loan packaging programs

Financing: City of Los Angeles, Enterprise Corporation

 

Historic Dr. Ralph Johnson Bunche Home

-          Completed in 2004

-          Historic House Museum

-          City of Los Angels Cultural Historical Monument

-          National Registry Monument

-          Home of the Dr. Ralph J. Bunche Youth Leadership Academy

Financing: City of Los Angeles, California Community Foundation,

            UCLA in the Community

Ralph J. Bunche Home

Projects in Development

 

Florence Mills Theater & For-Sale Lofts

-          To be completed in 2008

-          33 For-Sale Loft Units

-          Rehab Theater into a flexible performing arts and film space

Current Financing: State of California – Murray Hayden Grant Program,

                                    Century Housing Corporation

 

Dunbar Hotel Redevelopment

-          To be completed in 2008

-          Co-Developer McCormick Baron Salazar

-          Rehab Concept in Development