SoCal Real Estate Intelligence
Under Review Pre-Construction Current

315 N VERMONT AVE

California 90004
Community Plan Wilshire
Latest verified activity

Zoning-review filing is under review.

Project overview

12-story, 113-unit, 100% affordable mixed-use development.

Key facts
Permit value
$22.3M
Units
113
Project type
New Construction
Permit number
26010-10000-01954
Location & planning
Jurisdiction
Los Angeles
Council district
13
Parcel
5520019004
Project records
Primary Permit 26010-10000-01954
Under Review
Submitted
View official record ↗
Filing details
Primary Permit · 26010-10000-01954
Official filing description

10% HSAP FOR ZONING REVIEW ONLY (SB 330/ED 1) AB 2011 ministerial processing for the construction of a new 12-story mixed-use building with 113 dwelling units and approximately 3,496 SF of ground floor commercial uses (the Project) in the Vermont/Western Station Neighborhood Area Plan (SNAP). AHIP with Base Incentives, Additional Incentives, Waivers and a Public Benefit for a 100% affordable housing project restricted affordable for Lower Income Households with 20% of rents defined in Health and Safety Code Section 50053 (Schedule 6) and the remaining rents established by the California Tax Credit Allocation Committee (Schedule 9) that includes 25% of provided dwelling units as three-bedroom units.

Terms used
HSAP
Housing Streamlined Approval Process.
SB 330
California housing streamlining law commonly referenced in project review.
ED 1
Los Angeles Executive Directive 1 affordable-housing review pathway.
AHIP
Affordable Housing Incentive Program.