ED1 clears way for 100% affordable workforce housing in Studio City
Studio City is slated to receive several dozen units of workforce housing, thanks to a boost from Parkview Financial. MDNI Group is planning to build 51 units of workforce housing at 12750 Moorpark Street in Studio City, L.A. Business First reported. Parkview Financial provided a $10.6 million construction loan for the development. The project would replace a single-family home at the site with a mix of studio, one-bedroom and three-bedroom apartments. The property will be 100 percent affordable, with 50 of the apartments set aside for low-income residents with the remaining one likely designated as a manager’s unit. By creating […]This article originally appeared on The Real Deal. Click here to read the full story.
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