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Approval of $180M Multifamily Housing Revenue Bonds for 375-Unit Hollywood & Vine Apartments

  • When: 2024/07/31
  • Address: 1600 North Vine Street
  • City: Los Angeles
  • State: CA
  • Category: Economic Development Incentives
  • Subcategory: Housing Program
  • Asset Class: Multifamily
  • Property Type: Affordable Housing
  • Size (Units): 375 Units
  • Size (Dollars): $180,000,000
  • Planning Department: True

The City of Los Angeles is considering the issuance of Multifamily Housing Revenue Bonds, not exceeding $180,000,000, for the Hollywood & Vine Apartments project. This project involves the acquisition, construction, rehabilitation, and equipping of a 375-unit multifamily housing development located at 1600 North Vine Street in Council District 13. Seventy-five of these units will be affordable housing, catering to low and moderate-income individuals and families. The Los Angeles Housing Department held a TEFRA public hearing on February 13, 2025, as part of the bond issuance process. The City Council is being asked to approve the issuance of these bonds. DWF V Hollywood & Vine, L.P. is the sponsor and owner of the project.

Source

Applicant - DWF V Hollywood & Vine, L.P.


Ownership - DWF V Hollywood & Vine, LP


City Representative - Hugo Soto-Martinez