Affordable Housing Progresses in Montecito Heights
An affordable housing complex catering to families and chronically homeless veterans is now rising in the Montecito Heights neighborhood of Northeast Los Angeles. The $20-million project, known as the Marmion Way Apartments, is being developed by Palm Communities, an Irvine-based firm which specializes in affordable housing. The four-story building is replacing a .7-acre lot which adjoins the Gold Line’s Heritage Square Station. According to a staff report from the California State Treasurer’s Office, the project will offer 48 one-, two- and three-bedroom apartments reserved for families and individuals making between 30% and 60% of the Los Angles Median Household Income.