Vermont Slauson Housing Development

Providing programs structured to revitalize the physical, economic

and social life of the community of South Los Angeles

 

other resources:

Print Friendly and PDF

Housing Development

VSEDC envisions South Los Angeles as a vibrant and interconnected community. Home ownership is a key aspect of this vision as it creates stability and the foundation for relationship-building among residents. Home ownership is also a critical element of wealth creation and self-sufficiency. As such, access to affordable housing is an important community need that VSEDC has met through various initiatives.

 

Most recently, the Los Angeles Neighborhood Services (LANHS) invited VSEDC to participate in the second phase of the Department of Housing and Urban Development Neighborhood Stabilization Program (NSP2). In this program, VSEDC will assist in the redevelopment of abandoned and foreclosed homes, and multi-family units in low-income communities.  The program will impact more than 700 units for affordable housing and homeownership for first-time home buyers over a 3- year period.

 

Additionally, VSEDC manages the following affordable housing complexes:

  • Central Avenue Villas

    Central Avenue Villas is one of two housing facilities operated by VSEDC as a strategy to reduce the high cost of rental housing through affordable rental units.  CAV provides 20  units of 2 and 3 bedroom apartments.

     

    Project Name:

    Central Avenue Villas

     

    Project Location:

    South Los Angeles

     

    Year Completed:

    1992

     

    Total Development Cost:

    $2,990,738

     

    Funding Sources:

    Rental Housing Construction Program

    $796,400

     

    City of Los Angeles Community Development Department

    $1,180,000

     

    California Equity Fund

    $1,014,338

     

  • Florence Avenue Villas

    Florence Avenue Villas is the second of two housing facilities operated by VSEDC as a strategy go reduce the high cost of rental housing through affordable rental units.  FAV provides 20 units of 2 and 3 bedroom apartments.

     

    Project Name:

    Florence Avenue Villas

     

    Project Location:

    South Los Angeles

     

    Year Completed:

    1994

     

    Total Developmental Cost:

    $3,174,196

     

    Funding Sources:

    Los Angeles Housing Department

    $970,796

     

    Century Housing Corporation

    $930,000

     

    California Equity Fund

    $1,273,400

     

Headquarters

1130 West Slauson Avenue

Los Angeles, CA 90044

Tel: (323) 753-2335

Fax: (323) 753-6710

 

Business Source Center

6109 South Western Avenue

Los Angeles, CA 90047

Tel: (323) 789-4515

Fax: (323) 789-4524

Contact Us

Tel: (323) 753-2335

Fax: (323) 753-6710

Email: hq@vsedc.org

Social Media