11350 Washington

About the project


Affordable Living for the Aging (ALA) was founded in 1978 by Janet L. Witkin. ALA's mission is to eliminate senior homelessness and early institutionalization by providing low-income seniors and other at-risk individuals with affordable housing and supportive services to keep those at risk of homelessness healthy, safe, and independent. ALA does this by working in partnerships with other health plan providers, community clinics, and community partners that focus on housing and health. 

Primestor was founded in 1991 and has been focused on communities of color since its inception, as a certified Minority Business Enterprise. Primestor has completed real estate projects throughout the U.S., targeting historically underserved and underinvested, yet rapidly expanding, Latino and Black Communities. Their strategy is to invest in existing under-developed, undermanaged, or archaic product types and repurposed land parcels in dense, urban predominantly Latino American and Black communities in major California MSAs with an emphasis on Social Awareness, Sustainable Practices & Economic Development for and from within the communities they serve. 

ALA is located in Los Angeles, CA. Primestor is located in Culver City, CA.

LISC provided a $6.89 million loan to support the acquisition and predevelopment of 11350 Washington, a two-phase affordable housing development in Santa Fe Springs, CA. Phase I (Veterans Village) is a 44-unit veteran/senior project and Phase II (Healthy Transit Village) is a 75-unit mixed-use project.

More LISC Lending's Project Profiles

Partner:

Affordable Living for the Aging & 
Primestor

Location:

Santa Fe Springs, CA

Total Investment:

$6.89 million

Results:

119 units

Project Category:

Affordable Housing

Product:

Predevelopment Loan

Website:

alaseniorliving.org
primestor.org

UN SDGs: