Angeleno brings 100 units to vacant lot as affordable housing development dominates LA
Angeleno Investments is pursuing more affordable housing in the San Fernando Valley. An Angeleno affiliate filed an application with the Los Angeles Department of City Planning to construct a six-story building with nearly 100 units at 5139 North Colfax Avenue in Valley Village, Urbanize Los Angeles reported. Nearly a decade ago, the parcel was slated for a small-lot subdivision with 12 homes, but the plan from Ventura County-based Peterberg Companies never got off the ground. Angeleno’s proposal calls for 95 one- and two-bedroom residences above ground-floor parking. The units would consist of low- and moderate-income housing, qualifying the project for […]This article originally appeared on The Real Deal. Click here to read the full story.
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