CADI Celebrates Groundbreaking of Villa Vanowen
This week, Century Affordable Development, Inc. broke ground on Villa Vanowen, a 64-unit, supportive housing development in Van Nuys that will provide affordable homes for unhoused individuals. The People Concern will provide on-site supportive services for the residents.
“We are excited to bring these homes to the San Fernando Valley, an area in critical need of affordable housing options,” said Brian D’Andrea, President of Century Affordable Development Inc. and Senior Vice President of Housing at Century Housing. “Villa Vanowen will open doors for its future residents, giving them stability and a chance to get back on their feet after experiencing homelessness. We are grateful to collaborate with our partners on this permanent housing project that will change the lives of its residents.”
“Villa Vanowen is more than affordable housing; it’s a comprehensive support system that empowers individuals to rebuild their lives,” said John Maceri, Chief Executive Officer of The People Concern. “At The People Concern, we understand that permanent housing paired with wraparound services is the key to breaking the cycle of homelessness. This is why at Villa Vanowen, we will provide personalized care and guidance to residents as they build their own unique pathway to a brighter future.”
This project was made possible through the investment of public and private partners, including:
- $10,000,000 in Proposition HHH funds through the City of Los Angeles Housing Department;
- $9,020,000 in capital funds through the Los Angeles County Development Authority’s No Place Like Home Program;
- 63 project-based vouchers from the Housing Authority for the City of Los Angeles;
- Tax credit equity and construction financing by Bank of America;
- Permanent financing by Citibank; and
- Acquisition financing by Century Housing Corporation.
Villa Vanowen lies in the Second District of Los Angeles, represented by City Council President Paul Krekorian. “Thanks to Prop HHH funding and our partners at the County and in the community, we’re part of the solution to our city’s housing crisis,” said Krekorian. “Building more permanent supportive housing is a top priority, and Villa Vanowen is a significant addition to the hundreds of supportive units we’re building here in the San Fernando Valley.”
“Today, we break ground on Villa Vanowen, a project that will create 64 homes with onsite wraparound services in Van Nuys,” said Los Angeles County Supervisor Lindsey P. Horvath, whose district includes Van Nuys. “Public-private partnership and shared investment from LA County and City got us to this day, and I look forward to seeing housing in the community transform the lives of our unhoused neighbors.”
Half of the units (32) are reserved for chronically homeless individuals, while more than half (41) are reserved for residents diagnosed with a mental illness.
The development will be a four-story, 39,000-square-foot building. Amenities for residents will include a 782-square-foot community room connected to an outdoor courtyard and full kitchen; a bicycle storage and repair room; two roof decks; and three case management offices.
Completion of construction is expected in Spring 2025.
Download high-resolution renderings. Please credit City Fabrick.
