Renovation has been completed at Huntington Plaza Apartments, a 184-unit affordable housing community for seniors in the Los Angeles suburb of Huntington Park.
WNC, a low-income housing tax credit (LIHTC) syndicator and investor in real estate and community development initiatives, provided $5.6 million in LIHTC equity for the acquisition and rehabilitation of the $30.2 million project.
USA Properties Fund, a developer specializing in senior and family communities, rehabbed the property, which serves individuals 55 and older with income levels between 50 and 60 percent of the area median household income.
The property was previously known as City Housing Rugby, which also operated as a LIHTC community.
Huntington Plaza Apartments is a four-story building comprised of one- and two-bedroom units. It also includes an AltaMed Adult Day Health Care Center, offering a regular schedule of daily activities for seniors that encourage fitness, wellness and health education.
The community was renovated utilizing the 4 percent LIHTC program. Additional project financing was provided by Citi Community Capital and the city of Huntington Park.