Amada Homes
About the project
Azure Community Development was founded in 2021 as a nonprofit subsidiary of Azure Development. Azure Development, founded in 2016, is a Community Builder focused on creating exceptional projects throughout the Southwest. Azure is active in the development and construction of affordable housing and mixed-use projects with attention to architectural excellence, local hiring, and a carefully selected tenant mix for its commercial components. Azure is a certified Women's Business Enterprise (WBE).
Azure is headquartered in Commerce, CA and primarily works in Los Angeles County.
LISC provided a $846,000 acquisition and predevelopment loan to finance early expenses for Amada Homes. Amada Homes will include nine townhomes affordable to families making no more than 80% of area median income (AMI) with a specific focus on first-time homebuyers.
Sponsor:
Azure Community Development
Location:
Huntington Park, CA
Total Investment:
$846,000
Results:
9 units created
Project Category:
Affordable Housing
Product:
Acquisition loan
Website:
UN SDGs:
