Member Spotlight :: BRIDGE Housing

CHC Member: Bridge Housing 
Project Name: Evermont
Location: Los Angeles, California 
Units: 180 units (60 permanent supportive housing units, 116 units reserved for low-income and formerly homeless families, 4 units for staff)
Opening Date: 2024
State & Federal Financing Sources: 

  • $64 million in Low Income Housing Tax Credit (LIHTC) equity for the housing projects.
  • $11.5 million in New Markets Tax Credit (NMTC) equity for the construction of retail and workforce development space
  • $20.5 million in NMTC equity for SEED LA, a school facility adjacent to Evermont and a part of the overall Transit Priority Joint Development project.

The corner of Vermont and Manchester Avenues in South Los Angeles, the site of civil unrest 30 years ago, is being reimagined as a new mixed-use development.

“As these buildings rise from the ground, we are not only creating physical spaces that will redefine our communities, we are also investing in good paying jobs and sustainable community development that will directly impact the lives of our residents,” said LA County Supervisor Holly J. Mitchell in a news release.