LEED-Certified Affordable Housing Development in California Meets Completion
Burbank Boulevard Senior Housing is a 55-unit fully affordable and age-restricted community in Sherman Oaks, California by Mercy Housing California.
According to Multi-Housing News, TCA Architects designed the property to meet LEED Silver certification. The permanent supportive housing community was also built in accordance with the latest Cal-Green Building Code standards. The developers broke ground in May 2021, starting with the demolition of three existing buildings completed in the 1940s.
According to Yardi Matrix data, the financing for the project included:
- bonds totaling $14.7 million issued by City of Los Angeles Multifamily Housing Revenue Bonds, with Zions Bank as a trustee
- a $10.5 million construction loan from the City of Los Angeles Housing and Community Investment Department
- $100,000 in construction financing from Los Angeles County Development Authority
The four-story building incorporates studios and one-bedroom floorplans ranging between 314 and 550 square feet. Common-area amenities include a community room, a rooftop terrace, laundry facilities, electric charging stations, a solar electrical system, controlled access and parking spaces.
