The Eden - Los Angeles, CA
The Eden is a 235-unit multifamily development in a low-income, BIPOC census tract in Los Angeles, CA. The project includes both deeply affordable and workforce affordable housing units, which are restricted in deed for 30 years, as well as 9,000 SF of ground floor commercial space. 25% of the units are deed restricted.
Total Project Cost: $123.7mm
Catalyst Equity Investment: $4.1mm
Impact Thesis:
Deed-restrict 25% of the units, preserving affordability long-term in downtown LA
Incorporate elements of sustainable design, including solar-ready design, EV charging stations, drought-resistant landscaping, Energy Star appliances, and high-efficiency plumbing fixtures