The $1-billion initiative will erect an “urban village” of 1,800 apartments and commercial buildings on the site of the Jordan Downs housing project. The Michaels Organization is the developer, while the nonprofit Bridge Housing will coordinate funding and manage the community after it is built.
The city of Los Angeles has promised not to relocate residents of Jordan Downs. Instead, the 2,300 residents “in good standing” will be offered space in the new mixed-income development.
As Jessica Garrison writes, funding for the “urban village” is still an issue. Los Angeles will have to compete with numerous projects elsewhere for a crucial $30-million federal grant.