New Affordable Housing Complex Opens for Veterans
New Affordable Housing Complex Opens for Veterans
New Affordable Housing Complex Opens for Veterans
News summary

Affirmed Housing has opened The Iris, a six-story affordable and supportive housing project in Mar Vista, Los Angeles, catering to low-income and formerly homeless residents, with nearly half of its 61 units reserved for those earning 30% of the area median income. Mayor Karen Bass highlighted this development as part of the city's effort to combat homelessness, which has seen a decline for the first time in six years. In Chicago Heights, Otto Veterans Square, an 82-unit affordable housing complex for veterans, has also been inaugurated, featuring various amenities and support services, with a commitment from the Housing Authority to ensure residents pay no more than 30% of their income in rent. Both projects were funded through a mix of public and private sources, reflecting a broader commitment to affordable housing. In Washington, D.C., the Annex on 12th is set to transform a historic federal building into residential units, further supporting the revitalization of downtown amidst post-pandemic challenges. These developments underscore a growing trend in urban areas to provide affordable housing options while addressing specific community needs.

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