According to the criteria of
According to what they revealed, the project It is the first new housing community in Los Angeles to move forward under state law AB 2011which was designed to streamline approvals for apartments and mixed-use projects that include low-income housing. Of the 800 apartments, 23% will be designated for low-income families.
In addition to housing, The new supermarket will create 400 new jobsas detailed in a press release. So this news has been very well received by those who need a house and even a job.
The announcement of the new Costco in California
The vacant lot that will house the supermarket and housing complex does not yet have a schedule or estimated dates. However, the mayor of Los Angeles, Karen Bassattended a project launch ceremony together with leading project officials.
“We are breaking away from the old ways of doing things and moving Los Angeles forward,” Bass said. “Unprecedented action is expected to be driven by the Urgent collaboration from both the public and private sectors And that is what we are offering today,” he explained.
One of the employees of the real estate agency that will be in charge of the projectThrive Living said, “Mayor Bass has declared a housing emergency in Los Angeles and we are answering her call.”
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