MacArthur Park Transit-Oriented Development

New Markets Tax Credit Coalition

Los Angeles,
CA
(2010)

MacArthur Park Transit-Oriented Development

Affordable Housing, Community, Mixed-use, Retail, Transit Oriented Development

NMTC financing supported the construction of the MacArthur Park Transit-Oriented Development

Investment

NMTC Amount: $9,275,042
Total Project Cost: $9,275,042

IMPACT

25 FTE jobs
25 construction jobs

CDEs

MBS Urban Initiatives

Investor

Unknown

Project Description

To begin to address this need in Los Angeles, McCormack Baron Salazar formed a complex public-private-community partnership to connect affordable housing to jobs and opportunities for working families, and provide a safe, livable, walkable community with services and retail for residents and riders. The result of this partnership is the MacArthur Park Transit-Oriented Development (TOD). The $44 million first phase includes 90 affordable apartments, approximately 15,000 sq. ft. of retail, 100 commuter car parking spaces, 42 retail car parking spaces and 24 bicycle parking spaces. Phase B included an additional 82 affordable apartments, 15,000 sq. ft. of retail, and a comprehensive bike parking facility. Phase B retail will share car parking with Phase A.

MAP

Address: 1901 West Seventh Street, Los Angeles, CA 90057

Census Tract: 6037208902

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