LOS ANGELES-Amcal Multi-Housing Inc. of Agoura Hills, CA has unveiled its latest affordable housing project, a 49-unit, family-oriented apartment project called Casa de Angeles at 4900 S. Figueroa St. that was developed with $24.9 million in equity and debt financing from a variety of sources. The new complex, which replaces old homes and commercial buildings on the development site, is earmarked for families earning 30% to 60% of the area median income.

The Casa de Angeles complex features 23 two-bedroom units, 14 three-bedroom units and 12 four-bedroom units, along with common area amenities that include a large courtyard with open space and a community room. Financing for the project included $10.1 million in 9% low-income housing tax credits. The overall financing package comprised equity, construction and permanent loans totaling $24.9 million by SunAmerica Affordable Housing Partners, California Bank & Trust and the Los Angeles Housing Department.

Amcal developed the complex in a venture with its nonprofit partner, Women Organizing Resources, Knowledge and Services. The building was designed by Van Tilburg, Banvard & Soderbergh, with Amcal General Contractors as the general contractor.

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