DOWNTOWN LOS ANGELES - The $24 million affordable housing project by Affirmed Housing Group is on schedule, said Bibiana Yung, a project representative with the Community Redevelopment Agency. Completion is expected in August 2012. The 60-unit effort at 715 Yale St. broke ground in April. The eight-story Chinatown project will serve families earning 30%-60% of the county’s median income, with rents from $370 for a studio to $1,236 for a three-bedroom apartment. The building’s water heating system will come from solar-powered, high-efficiency boilers. The development was designed by Los Angeles-based Togawa Smith Martin Residential and features a rooftop recreation area, a barbecue station and group gardening plots. The building also incorporates a mechanical parking garage known as a car matrix; vehicles in the three-level, semi-automated facility will move vertically and horizontally to allow for a space-saving stacking effect. The garage will hold 64 cars. At affirmedhousing.com.
© Los Angeles Downtown News 2011