California Community Reinvestment Corporation (CCRC)’s Aaron Smith and Ting Ting Xiao were honored to attend the grand opening of the La Veranda affordable housing complex in Boyle Heights, CA last Tuesday, June 18th!
The Los Angeles County Metropolitan Transportation Authority (Metro) partnered with developer Adobe Communities to bring transit-oriented affordable housing to residents of Boyle Heights earning between 20% and 50% of the Area Median Income (AMI).
At the ceremony, also attended by Los Angeles mayor and Metro board chair Karen Bass, dedication was made to the future of multi-faceted, community-oriented housing developments that champion mobility, accessibility, and sustainability.
Metro’s partnership in La Veranda speaks to the possibility of dynamic, intuitive collaboration with a wide array of organizations to rectify the housing supply gap. CCRC is honored to provide long-term financing to La Veranda and looks forward to continuing to create, sustain, and join forces on equitable housing developments!
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