New Permanent Supportive Housing Community to be Developed
Los Angeles, CA (June 6, 2019) – EAH Housing, a nonprofit affordable housing organization, announced the purchase of a property at 1413 Michigan Avenue in Santa Monica, California. The property will be developed into 40-47 units of permanent supportive housing for people experiencing homelessness.
“This is the second affordable housing development project in the last 12 months that we are working on with the city of Santa Monica,” said Welton Jordan, vice president of real estate development at EAH Housing. “Santa Monica’s commitment to affordable housing and housing people experiencing homelessness should be a model for any city facing a housing problem. The bold, proactive programs enacted by Santa Monica have helped keep people housed, while homeless populations continue to grow elsewhere throughout the state.”
The purchase was financed with an $8,300,000 million loan from Santa Monica’s Housing Trust Fund. The loan will cover all acquisition and predevelopment costs. Located on the property is the former Nikkei Social Hall, a historical landmark that was used for social gatherings for the local Japanese community. Nikkei Hall will be preserved and become a part of the newly proposed apartment community.
“We are pleased to continue our relationship with EAH Housing as we move forward with our shared goals to create more affordable housing and end homelessness,” said James Kemper, housing program manager for the city of Santa Monica. “This unused property will be transformed into homes for people with the greatest need.”
For more than 50 years, it has been the mission of EAH Housing to develop, manage and promote quality affordable housing and sustainable, diverse communities. The organization serves 20,000 people every day – working families, seniors, veterans and people with disabilities in California and Hawaii.
About EAH Housing
Established in 1968, EAH Housing is one of the largest and most respected nonprofit housing development and management organizations in the western United States. EAH develops low-income multifamily housing, manages more than 110 properties in 55 municipalities in California and Hawaii, and plays a leadership role in local, regional and national housing advocacy efforts.