Longtime affordable housing nonprofit EAH Housing is expanding its presence in Southern California.
The organization, which has done much of its work in Northern California and Hawaii, has recently broken ground on two new low-income housing tax credit projects.
The Pointe on Vermont is a 50-unit development, featuring 25 units of permanent supportive housing, in Los Angeles. Magnolia Villas is a 40-unit development for low-income seniors in Santa Monica. Construction on both projects is expected to be completed by fall 2021. In addition, five other affordable housing developments are in the pipeline.
“Our investment into Southern California was a natural fit for us. Los Angeles and many nearby cities have a very proactive and progressive approach to the housing crisis,” says Laura Hall, president and CEO of EAH Housing. “They recognize the need for the management and production of quality, affordable housing. Our experience and mission align well with the goals and values of many local governments, nonprofits, and agencies here.”
In another move, EAH Housing has also recently grown its managed-fee portfolio and developed partnerships with the Housing Authority of the City of Los Angeles, Los Angeles Housing Partnership, and A Community of Friends (ACOF). The new clients bring more than 2,700 multifamily rental apartments to the organization’s management business.
In April, ACOF became the newest client, adding 504 affordable units to EAH Housing’s management portfolio.
EAH Housing has 600 employees and serves more than 22,000 residents in more than 210 affordable housing developments in California and Hawaii.