Our Visionary Approach: Private Funding for Affordable Housing Success - Little Tokyo Service Center
Cleveland project rendering

Our Visionary Approach: Private Funding for Affordable Housing Success

Our Visionary Approach: Private Funding for Affordable Housing Success

LTSC To Break Ground on Innovative Project in Chinatown

Last month, LTSC secured the funding to build a brand-new, affordable shared housing project at 823 Cleveland Street in Chinatown, Los Angeles. It has been 20 years since LTSC built new housing in Chinatown (Cesar Chavez Gardens) and the 823 Cleveland Street project is a big step forward in our mission to create inclusive living opportunities for low-income communities in LA.

While Cesar Chavez Gardens is a traditional affordable housing project, 823 Cleveland is an innovative pilot model of shared housing. Suites of units with private bedrooms and bathrooms will share common areas like the kitchen and living room, totaling 53 units of housing. 

Notably this 100% affordable project does not rely on government funds, but instead will tap into private funding from organizations that are committed to solving the affordable housing crisis in Los Angeles. LTSC is proud to be one of the pioneering organizations to adopt this innovative pilot model. LTSC’s Real Estate Director Debbie Chen said, “We hope this development will be the first of many to be built with these novel financing methods and we thank our funders for their vision and confidence in this pilot. We’re all about community-driven development, and we’re working closely with several Chinatown organizations to ensure the success of this project.” We hope to house youth who are unhoused or at risk of homelessness, such as community college students, as well as seniors and other low-income residents at risk of displacement in Chinatown.

This project will transform a vacant lot into a community asset that will provide affordable housing to those most in need. The groundbreaking is set for November 2023 with new residents anticipated to move in at the end of 2024.

Thank you to our funding partners: United Way of Greater Los Angeles, Genesis LA, California Community Foundation and Apple.

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