1318 Fourth Street Affordable Housing Development
City of Santa Monica
1/10/2022 1
Development Team
1/11/2022 2
Architect
Developer and
Management
Construction
Management
Service Provider
Commercial
Leasing
Financial
Consultant
Commercial
Consultant
EAH Housing Overview
1/11/2022 3
Properties by Resident Type
1/11/2022 4
Pointe on Vermont
1/11/2022 5
7600 S. Vermont Ave., Los Angeles
Special Needs/Homeless/Family Housing
Resident Services
Ground Floor Retail
Community Meetings
Recording Studio
Why EAH Housing?
24 100+ Units Communities
4,730 Units
4 Developed Mixed-Use
in the last 2 years
52 Properties with
Mixed Population
1/11/2022 6
Financing Experience/Strength
• Award-winning track record from projects ranging from traditional to complex • Used more than 25 local, state, and federal programs (CA LIHTC, CA HCD, HOME, CBDG, LACDA, etc.) for new construction and rehabilitation • Secured commitment of more than $1.8 billion in active development 1/11/2022 7
Property Management:
Over 3,000 units in Southern California, 650 PSH
First EAH Office
233 Wilshire Blvd.
Step Up on Fifth
1548 Fifth St
The Laurel
1413 Michigan Ave
Magnolia Villas
1445 10th street
Magnolia Villas, Santa Monica 40 Units Completed 2021
Pointe on Vermont, Los Angeles 40 Units Completed 2021
Pointe on La Brea, Los Angeles 50 Units Est. Completion 2023 The Laurel Apartments, Santa Monica 58 Units Construction Start 2022 Main St. Apartments, Los Angeles 61 Units Construction Start 2022 87th & Western Apts., Los Angeles 160 Units Est. Construction Start 2022 Martel Ave. Apartments, West Hollywood 50 Units Est. Construction Start 2023 Detroit St. Apartments, West Hollywood 40 Units Est. Construction Start 2023 Lake Ave. Apartments, Altadena 54 Units Est. Construction Start 2023 1/11/2022 8
Overview of Proposed Project
2 Proposals
120 units proposal (Family)
150 units proposal
Both include:
50 permanent supportive units
19,600 sq feet of Ground floor retail-Grocery
1,630 square feet nonprofit use
2 levels subterranean parking
1/11/2022 9
Potential Commercial Space
Advantages:
Reduces transportation cost for residents and the neighborhood Will help transitioning PSH residents adjust to housed living Job opportunities
Social connectivity
1/11/2022 10
1/11/2022 11
Requested
Maximum Density
239 Units
Flexibility and Community Engagement
Steps:
Information Gathering – height, density, affordability, retail Focused Community Outreach and Participation Program
We Listen
Ongoing Community Outreach
1/11/2022 12
Thank You! Development Team:
EAH Housing
The Lynch Group Inc.
VTBS Architects
AMJ Construction Management
The People Concern
Epsteen & Associates
California Housing Partnership
EAH Housing in attendance:
Laura Hall – President & CEO
Barney Deasey – Director, EAH Board
Welton Jordan – CREDO
Steven Spielberg – Director of Development
Tim Koehler – Director of Supportive Services
Joe Carpenter – Director of Property Mgmt.
1/10/2022 13