DOWNTOWN LOS ANGELES - Nonprofit developer SRO Housing Corp. is in the pre-development phase for a renovation of the 264-unit affordable housing complex at Fifth and Main streets. The company, which bought the property last year with help from the Community Redevelopment Agency, is required to preserve the affordable residences in the building. SRO expects to have funding for the project by mid-2012 and start construction by the end of that year, said Joseph Corcoran, the developer’s director of planning and housing development.
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page 9, 02/21/2011
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