LA Project Provides Affordable Housing, New Child Care Center

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Mercy Housing California’s Caroline Sever­ance Manor in Los Angeles lives up to its namesake, the suffragist who worked for social change in the late 1800s and early 1900s.

The 85-unit development, which started lease-up in March, is providing one-, two-, three-, and four-bedroom units for low-income families; households in which children are cared for by a relative other than their parents; the chronically homeless; and individuals with mental illness, all in a service-­enriched ­environment.

In addition to providing the housing, the development team worked with neighboring First Unitarian Church of Los Angeles, which Severance and her husband founded, to build a new, 5,000-square-foot, licensed child-care facility to replace the outdated one the church had built in the 1960s.

Mercy Housing California will provide on-site services and help link residents to what’s available in the neighborhood, including after-school programs, a food bank, and a community garden.

“This development is a testament to the legacy of Ms. Severance,” says Ben Phillips, regional vice president of Mercy Housing California.

Phillips says the linchpin for the $32.6 million development was Mental Health Services Act funding from the Los Angeles County Department of Mental Health.

Financing also included a permanent loan and low-income housing tax credit equity from Wells Fargo Bank and funding from the city.


About the Author

Christine Serlin

Christine Serlin is an editor for Affordable Housing Finance and Multifamily Executive. She has covered the affordable housing industry since 2001. Before that, she worked at several daily newspapers, including the Contra Costa Times and the Pittsburgh Tribune-Review. Connect with Christine at cserlin@questex.com or follow her on Twitter @ChristineSerlin.

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