From the Housing Authority of the City of Los Angeles' website:
On Thursday, December 8, 2022, the Housing Authority of the City of Los Angeles (HACLA) joined Mayor Eric Garcetti, Councilmember Mike Bonin and Thomas Safran & Associates (TSA) to celebrate the groundbreaking of Thatcher Yard in Marina del Rey. Located on a 2.1 acre site at 3233 Thatcher Avenue, Thatcher Yard will be a 98 unit affordable & supportive senior and non-age restricted housing community. HACLA has committed 39 Project Based Vouchers (PBVs) to the project for an estimated $20.3 million contribution in HAP over a 20-year contract. The target population will be homeless and chronically homeless seniors and families with supportive services provided by The People Concern and Imagine LA. Plans call for 98 one-, two-, and three-bedroom apartments with amenities such as a fitness center, a courtyard, and community rooms. TSA currently anticipates that the apartments will be open for resident by the third quarter of 2024.