50 Newly Built Apartment Homes for Low Income Families and Formerly Homeless
Los Angeles (May 3, 2021) – Today, EAH Housing, an affordable housing nonprofit organization, and A2Z Enterprises, a minority and woman-owned real estate development firm, announced that it has completed construction of Pointe on Vermont and residents have begun the move in process.
“The completion of Pointe on Vermont marks a milestone for EAH Housing, A2Z Enterprises and for the city of Los Angeles,” said Laura Hall, president and chief executive officer at EAH Housing. “With the help of the voters and Measure HHH, 68 people now have a place to call home and can move forward with their lives.”
Pointe on Vermont is a mixed-use affordable housing development for low-income families and people who are experiencing or transitioning from homelessness. It features studios and one-bedroom apartments ranging in size from 415 square feet to 602 square feet. One two-bedroom unit is for the onsite property manager. There are 25 supportive housing apartments whose rent will be mainly subsidized by the U.S. Department of Health Services (DHS). Rent for the 24 apartments for low-income families are based on 30-60% of the area median income (AMI) and will range from $1,192 – $1,271 per month.
“Seeing residents move into Pointe on Vermont is the manifestation of a decades old dream my parents, Pastor Garry & Antonia Zeigler, and I shared together,” said Antonia Feemster, president at A2Z Enterprises. “We are dedicated to the revitalization of this neighborhood, and Pointe on Vermont is big step in that process. Once we can safely get together in groups, we hope that it will be a place people can gather for great music and community.”
Pointe on Vermont offers its residents a community room with a kitchen, onsite case management offices, bicycle storage, and a recording studio. St. Joseph Center will provide onsite supportive and resident services for all the residents to help them maintain their physical and mental wellbeing and autonomy. EAH Housing will also provide property management services, have an onsite manager and office space. A 1,308 square foot commercial retail space is also currently available to rent.
“During a time of slow transition to a new normal, the Point of Vermont adds hope for a future with better days ahead by securing housing for some of our most vulnerable populations,” said Emilio Salas, executive director of Los Angeles County Development Authority (LACDA). “It is an honor to collaborate with EAH Housing and other partners to welcome residents to their new home.”
Funding for The Pointe on Vermont is provided by the city of Los Angeles through Measure HHH, HOME, the Los Angeles County Development Authority, conventional debt by US Bank and CCRC, and tax credit equity by US Bank.
EAH Housing continues to expand its footprint in Southern California, with more than 450 new affordable housing apartments in the development pipeline. It manages nearly 2,800 units for organizations such as Housing Authority of the City of Los Angeles (HACLA), Los Angeles Housing Partnership (LAHP), and A Community of Friends (ACOF).
A2Z Enterprises is a minority and woman-owned firm specializing in real estate and economic development. A2Z Enterprises’ goal is to refresh and modernize the affordable housing industry by utilizing strategic partnerships and innovative technologies to create units faster and at a lower cost. A2Z Enterprises also works in partnership with Christian Landlord Association to educate landlords on how to manage and maintain their buildings while working closely with tenants to strengthen the larger community.
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 214 properties in 78 municipalities in California and Hawaii, and plays a leadership role in local, regional, and national housing advocacy efforts.