New Affordable Housing Complex, Dedicated to At-Risk Populations, Proposed for Development in Central Long BeachRelease Date: 2018-05-01
The Long Beach Community Investment Company (LBCIC), the body that oversees and administrates the City of Long Beach’s affordable housing funds, has voted to approve an negotiation with Long Beach-based LINC Housing Corporation for the development of a massive property at the southeast corner of Magnolia and Pacific Coast Hwy.
And the development will be dedicated to people who are experiencing or are at risk of experiencing homelessness.
This follows a citywide efforts to ramp up housing for at-risk communities, particularly those within the homelessness population—and that effort has seen slow though tangible outcomes.
The City pitched this property at the end of last year, with LINC being the approved company to handle the parcels at 469 W. 17th St., 1720-1770 Magnolia, and 469 W Pacific Coast Hwy.
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