HVN plans more affordable apartments in Mar Vista
HVN Development is planning more affordable housing in Mar Vista. The Irvine-based developer filed an application with the Los Angeles Department of City Planning to replace a triplex at 12508 West Pacific Avenue with a seven-story apartment building, Urbanize Los Angeles reported. The building would consist of 60 one-bedroom apartments and no on-site parking. Every unit, except for a mandatory manager’s unit, will be offered at rates for low- and moderate-income renters. The developer is utilizing density bonuses through the citywide housing incentive program. Developers have increasingly pursued fully affordable developments such as these as Executive Directive 1 streamlines approval […]This article originally appeared on The Real Deal. Click here to read the full story.
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