Pacific Avenue Apartments and its neighboring community, Pine Avenue Apartments, comprise three parcels, two parking lots, and a commercial building with retail. Plans call for a mix of studio, one-, two-, and three-bedrooms ranging between 499 and 1,423 square feet in size. These development sites are in Opportunity Zones that encourage commercial and economic development designed cohesively with a mixed-income housing development. Located in the heart of Downtown Long Beach, the site is within walking distance to restaurants, shopping at The Streets, entertainment venues, and beach.
Resident Population: Low and Moderate Income Families
Total Apartment Homes: 83 Units
Affordability: 83 Units 81% to 120% AMI (Market rate component of Pine Avenue Apartments)
Team: Developer - IHO – 20%
CCDFI – 75% | CEDC – 5%
Funding Sources: LISC, MIP / 4% TCAC Bonds
Established: Entitlement
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Pacific Avenue Apartments and its neighboring community, Pine Avenue Apartments, comprise three parcels, two parking lots, and a commercial building with retail. Plans call for a mix of studio, one-, two-, and three-bedrooms ranging between 499 and 1,423 square feet in size. These development sites are in Opportunity Zones that encourage commercial and economic development designed cohesively with a mixed-income housing development. Located in the heart of Downtown Long Beach, the site is within walking distance to restaurants, shopping at The Streets, entertainment venues, and beach.
Resident Population: Low and Moderate Income Families
Total Apartment Homes: 83 Units
Affordability: 83 Units 81% to 120% AMI (Market rate component of Pine Avenue Apartments)
Team: Developer - IHO – 20%
CCDFI – 75% | CEDC – 5%
Funding Sources: LISC, MIP / 4% TCAC Bonds
Established: Entitlement
- Podcasts
- Awards
- Press Releases
- Articles
- Contact
- Get Involved