40-Unit Senior Affordable Housing Development Breaks Ground in Santa Monica

40-Unit Senior Affordable Housing Development Breaks Ground in Santa Monica

Completion of the Magnolia Villas project is expected in Fall 2021.

Urbanize Los Angeles
By Steven Sharp | April 06, 2020

EAH Housing has broken ground on a $23.1-million senior affordable housing development in Santa Monica, the developer announced this week.

“The City of Santa Monica’s commitment to creating affordable housing for its residents is evident by their responsiveness and the incredible effort they made in order to close financing during these tumultuous times,” said Laura Hall, president and chief executive officer of EAH Housing in a statement. “Magnolia Villas will enable seniors to age in place and provide a quality home to one of our most vulnerable populations, many of whom are facing uncertain futures due to skyrocketing rents, rising healthcare costs, and increases in the cost of living.”
-Laura Hall, President and CEO of EAH Housing

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