(May 4, 2017) LOS ANGELES – Today Palm Communities and PATH Ventures celebrated the grand opening of Marmion Way Apartments, 49 new affordable homes for families and Veterans across Northeast Los Angeles. The development of Marmion Way Apartments directly addresses Los Angeles’ countywide shortage in affordable housing.
“Palm Communities is excited and honored to be completing its first project in Los Angeles,” said Danavon Horn, President of Palm Communities. “We feel privileged to be serving Veterans and hardworking families now living in Council District 1. This project was only possible because of the tremendous support it received from the City of Los Angeles and other outside sources,” continued Horn. “The list begins with Council member Cedillo and includes the Housing and Community Investment Department, the Housing Authority, the California Tax Credit Allocation Committee, the California Housing and Community Development Department, the San Francisco Home Loan Bank, the Home Depot Foundation, CHASE Bank, and Hudson Housing Capital, LLC. These folks have contributed almost $26 million to help make this project a reality and we are grateful for their financial support.”
Councilmember Cedillo was also onsite celebrating the opening.
“We are honored to have partnered with PATH Ventures and PALM Communities to bring affordable housing to veterans and their families in Northeast Los Angeles. This project is a model for affordable housing development in the First Council District. It is a Transit Oriented Development, next to the Metro Gold Line, and serves not only individuals that have fought for our country, but accommodates their entire family. We are delighted to be adding to our affordable housing stock, which is helping us make a dent in the Housing Crisis,” stated Councilmember Gil Cedillo.
The new affordable homes of Marmion Way Apartments will include services that are specifically designed to support stable, independent living among people who are transitioning out of long-term
homelessness. Onsite case managers will work one-on-one with tenants to ensure lasting housing stability and provide such programs as gardening and nutritional cooking classes, and various other workshops proven to increase self-sustainability and nurture a strong sense of community among tenants and the neighborhood.
Joel John Roberts, CEO of PATH, the parent organization of PATH Ventures, praised the new development: “It is a great honor to open Marmion Way Apartments for residents across Northeast Los Angeles,” said Joel John Roberts, PATH CEO. “The opening of Marmion Way Apartments is an important step in our effort to take care of the city’s most vulnerable residents and brings PATH closer to our goal of helping 10,000 people Make It Home by 2020.”
About Palm Communities
Palm Communities is an integrated real estate development company that specializes in producing only the highest quality, service enriched affordable housing for families, seniors and those with special needs. With a portfolio consisting of more than 1,800 affordable multi-family units located in a variety of communities throughout Southern and Northern California, it has earned a strong reputation for innovative design, commitment to lasting quality and the delivery of projects on time and on budget. For over 35 years, Palm Communities has been committed to developing physically and economically sustainable residential developments that exceed the expectations of all our stakeholders: our public agency partners, business partners, lenders, investors and, most of all, our residents. More info at http://www.palmcommunities.com.
About PATH Ventures
PATH Ventures (PV) was founded by PATH in 2007 to address Los Angeles’ growing need for more affordable and permanent supportive housing. For more than 10 years, PV has partnered with other housing development firms to create housing opportunities to end homelessness, and operates permanent supportive housing to ensure residents remain stably housed. Today, PV’s presence is statewide, with 11 housing developments and over 1,100 units of permanent supportive housing constructed or in the pipeline. www.pathventures.org
About PATH (Parent Organization of PATH Ventures)
PATH, founded in 1984, is ending homelessness for individuals, families, and communities. They do this by building affordable housing and providing supportive services throughout California. In just the last four years PATH has helped nearly 7,000 people move off the streets and into permanent homes. Their goal is to help 10,000 people Make It Home by 2020. www.epath.org.