Tilden Terrace in Culver City (LA area) Takes Another Step Forward

The City Council gives the Los Angeles Housing Partnership the go-ahead Monday for the 33-unit affordable housing development

Culver City may soon be home to a 33-unit mixed-use development dubbed Tilden Terrace, despite the initial controversy that swirled around the project.

The Culver City Council voted unanimously Monday to transfer the rights to a vacant lot across the street from Tellefson Park to the Los Angeles Housing Partnership, a nonprofit organization dedicated to building affordable housing.

However, the deal remains contingent upon whether LAHP can come up with its share of the estimated $24 million project; the Culver City Redevelopment Agency has already contributed $15.2 million as part of a long-term plan to increase affordable housing in the city.

If LAHP fails to secure the remainder within a year, the city will rescind the organization’s rights to the vacant lot.

Though neighbors at first opposed the project amid concerns about parking and dangerous traffic conditions, no one spoke out against the project during Monday’s public comment period

Read remainder of the soty at the Culver City Patch

Advertisements

About Bob Voelker

Head of the Munsch Hardt (Dallas law firm) Hospitality & Mixed Use Development Group, and former developer of affordable housing. I'm i
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s