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Ground broken for Paul Williams apartment complex

SOUTH LOS ANGELES — Hollywood Community Housing Corporation celebrated the groundbreaking for a 41-unit affordable housing development April 22, combining new construction with the rehabilitation of a landmark — the historic Angelus Funeral Home in South Los Angeles.

“The groundbreaking for the long-awaited Paul Williams Project marks another significant milestone in the revitalization of Central Avenue,” City Councilman Curren Price said. “I am delighted to see that this project will not only provide much needed affordable housing in the region, but will also restore the Angelus Funeral Home, which is of great importance to the fabric of South L.A. history.”

Actor Glynn Turman, who serves on the board of the Hollywood Community Housing Corporation, paid a special tribute to the original architect of the Angelus Funeral Home, architect Paul R. Williams.

“As we break ground on these 41 homes, Williams’ brilliance and commitment to the community will be imbued into the development of each and every home — with the promise of providing beautiful memories and transforming lives for generations to come.”

The development will offer one-, two-, and three-bedroom apartments for individuals and households earning within 30 to 50 percent of the area median income. The development also will offer supportive services to residents, including financial literacy workshops, after-school tutoring, college mentoring and English as a second language classes classes.

Construction is expected to take about 18 months and the leasing process is expected to begin sometime in summer 2018.

“The Paul Williams Apartments will once again showcase the long standing and successful partnership between the Los Angeles Housing and Community Investment Department and Hollywood Community Housing Corporation,” said Rushmore D. Cervantes, general manager of the city’s Housing and Community Investment Department. “We are pleased to collaborate with HCHC in the innovative development of this historic structure that will create much needed housing opportunities and advance livable communities in Los Angeles.”

Also in attendance at the ground-breaking ceremony were Charmaine Atherton, senior vice president of Bank of America Merrill Lynch, and Jerold B. Neuman, vice president of the board of the Hollywood Community Housing Corporation and a partner at Liner Law LLP.

The development was made possible in part by financing from Bank of America Merrill Lynch, the California Tax Credit Allocation Committee, the Low Income Investment Fund, and the Los Angeles Housing and Community Investment Department.

“Bank of America is excited to continue our lending and investment efforts in the South Los Angeles community through the Paul Williams Apartments,” Atherton said. “It is the bank’s belief that affordable housing is the basic building block for creating healthy and sustainable communities that allow both residents and businesses to thrive.”

 

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