On May 7, City Councilmember Curren Price dedicated the newest permanent supportive housing project in CD 9 in the name of Dolores Huerta, a longstanding civil rights leader and champion for working-class people.
The project in South LA includes the use of modular construction with a per-unit cost below $200,000 -- less than one third the average cost ($600,000) for comparable publicly funded housing in California.
“The Dolores Huerta Apartments has all the components to not only fast track the process of building much-needed units, but also provide services that will change the lives of the individuals who will live there,” added Price. “It is so fitting that this building will be named after a fierce warrior whose lifelong mission has been advocating for the marginalized and disenfranchised. It’s Dolores’ spirit that we lean on as the City continues in its efforts to combat the homelessness crisis.”
Ms. Huerta joined Councilman Price at the groundbreaking ceremony along with local students from Dolores Huerta Elementary School and partners from SDS Capital Group and RMG Housing.
The Dolores Huerta Apartments is the City’s first modular permanent supportive housing project using a high-speed, low-cost development model to effectively combat the homelessness crisis in Los Angeles. Residents who move into the complex will live in quality homes with private kitchens and bathrooms. They will also have access to on-site case management services provided by Homeless Outreach Program Integrated Care System (HOPICS).
“We launched the SDS Permanent Supportive Housing Fund for one simple reason – to help tackle the homelessness crisis here in our backyard – Los Angeles,” said Deborah La Franchi, CEO and President, SDS Capital Group. “We provide a single source of private capital that is readily accessible to RMG. This available capital fuels the scalability of this high-quality, low-cost PSH model. RMG is able to maintain a laser-like focus on site selection and construction, rather than chasing multiple funding sources for each investment.”
Councilman Price made the City-owned site available for the development, expected to open later this fall and consisting of 40-units.
Tim Roth, CEO of RMG Housing, said, “Our ability to access capital from SDS is the key to scaling our high-speed, low-cost construction and moving people off the streets into permanent supportive housing. We believe private financing and modular construction will play an increasingly important role in solving L.A.’s homelessness crisis.”
To watch this historical groundbreaking, click here.