The Banning apartments, a brand-new permanent supportive housing (PSH) project has begun construction as announced by Century Housing. The project will be located in the Wilmington neighborhood in the Los Angeles Harbor region.
The Banning apartments will offer 64 affordable homes for small families and people suffering from homelessness. Wells Fargo supplied construction funding, and Citibank will offer ongoing financing. AHP received finance from the Federal Home Loan Bank of San Francisco via Wells Fargo as well.
According to Brian D’Andrea, senior vice president of Century Housing, “Century is thrilled to join with the City of Los Angeles, the County of Los Angeles, as well as Wells Fargo and Citi from the private sector to provide these lovely homes to people and families in need.”
Expectations and remarks on the Banning apartments in Wilmington
The development will comply with local hiring standards and prevailing pay labor rates. To ensure that as many jobs as possible be created for inhabitants of the Harbor area, Century has engaged the aid of Los Angeles Housing Compliance and Power2Workers.
December 2023 is the projected completion date for The Banning apartments. All residents will have access to the supportive services that Century offers right on the property. The Banning will add to the City of Long Beach’s increased permanent supportive housing footprint in SPA 8.
Gilbert Gonzales, the Banning project’s project manager, and development manager of Century Housing said “This location has been deserted for years. According to Wilmington’s locals, this has caused blight, unlawful dumping, and other problems. A vast barren area will be replaced with the Banning, a stunning modern structure with rich landscaping.”
Developer Century Affordable Development, Inc. (CADI) expressed gratitude to its donors, which included the City of Los Angeles, which provided funds through Measure HHH. “Angelenos supported possibilities for people to start over by passing Proposition HHH. The Banning will give stability and hope as an addition to a place to stay “Eric Garcetti, the mayor, said.