From Linc Housing's press release:
Linc Housing joined Congresswoman Maxine Waters, Los Angeles Mayor Eric Garcetti, County of Los Angeles officials, new residents, and many other partners to celebrate the grand opening of Cadence, an all-new, 64-unit apartment community in the Watts neighborhood of Los Angeles for families and individuals who have experienced homelessness.
Cadence was named to honor Central Avenue’s heritage as the hub of the West Coast jazz scene in the early 20th Century. It offers 63 one-bedroom apartments and one manager’s unit. Other features include a community room with kitchen, a computer room, outdoor courtyards, indoor bicycle parking, offices for case management, and convenient access to public transportation, shopping and community services.
“I have witnessed the great work Linc Housing has done in other areas of my district, including the opening of Fairview Heights Apartments in Inglewood,” said Chairwoman Waters. “The opening of Cadence represents a necessary step toward our goal of ending homelessness and increasing the share of accessible housing in Los Angeles. I can’t applaud Linc Housing enough on this huge accomplishment.”
Funding for the development, located at 11408 S. Central Ave., came from a variety of sources, including construction and permanent loans from Bank of America, $10.1 million in HHH Funds managed by the Los Angeles Housing Department (LAHD), $7.1 million from the Los Angeles County Development Authority (No Place Like Home funds), and tax credit equity from Raymond James. The California Endowment provided predevelopment support. The Housing Authority of the City of Los Angeles provides the housing assistance payments. All units were filled through referrals from the County of Los Angeles Coordinated Entry System (CES).