The affordable housing non-profit organization, EAH Housing, along with A2Z Enterprises, a minority- and women-owned real estate development firm, broke ground this week for more low-income housing at 7600 S. Vermont Ave., in South Los Angeles.
The Pointe on Vermont is a-mixed-use affordable housing development with 25 apartments of supportive housing for people who are experiencing or transitioning from homelessness. There are 24 apartments for low income households, one apartment for an onsite resident manager, and approximately 2,000 square feet of ground floor commercial space.
“Angelenos are coming together to support long-lasting, high quality affordable and supportive housing that will bring our homeless neighbors indoors now,” Mayor Eric Garcetti said. “The Pointe on Vermont is the latest example of Prop. HHH dollars at work and another reminder of the progress taking place across the city as we confront the homelessness and housing crisis.”
The four-story, mixed-use building will provide housing for individuals below or at 60 percent of the area median income (AMI). It will also have a community room with a kitchen, onsite case management, and property management offices, bicycle storage, a retail commercial lease space, and a recording studio in partnership with A2Z Enterprises. St. Joseph’s Center will provide onsite supportive and resident services for all of the residents to help them maintain their health, well-being, and self-sufficiency.
“We are proud to partner with such a forward-thinking and proactive city as Los Angeles, who is really moving the needle forward on tackling homelessness and affordable housing,” said Laura Hall, president and CEO of EAH Housing. “Pointe on Vermont is a direct result of the community’s desire to help solve the housing crisis – by voting for Measure HHH voicing their support of this development from day one of this process.”
A2Z Enterprises’ goal is to refresh and modernize the affordable housing industry by utilizing strategic partnerships and innovative technologies to create units faster at a lower cost. EAH housing was established in 1968 is one of the largest development and management organizations on the West Coast. A2Z Enterprises also works in partnership with Christian Landlord Association to educate landlords on how to manage and maintain their buildings while working closely with tenants to strengthen the larger community.
Funding for The Pointe on Vermont is provided by the city of Los Angeles through Measure HHH, HOME, and Community Development Commission/Housing Authority of the County of Los Angeles. Also contributing are the Los Angeles County Dvevelopment Authority and U.S. Bank.
“My family and I have deep roots in this neighborhood and are dedicated to the economic development of the community,” said Antonia Feemster, president of A2Z Enterprises. “The Pointe on Vermont is a testament to our ongoing commitment.”