Linc Housing wants to tear down its Long Beach headquarters to build more than 100 affordable apartments.
The nonprofit affordable housing developer filed plans to raze its office hub and replace it with an apartment building at 3590 Elm Avenue, Urbanize Los Angeles reported. The 13,100-square-foot, single-story offices built in 1961 would be demolished.
Plans call for a five-story complex with 109 affordable apartments to serve families earning between 30 percent and 70 percent of area median income, a Linc spokesperson told Urbanize.
The 145,000-square-foot building would include ground-floor offices — presumably a replacement headquarters — and parking for 69 cars.
Linc Housing would fund the project through the Los Angeles County Affordable Housing Solutions Agency, which last month granted it $39.8 million in financing with Measure A funds.
The cost and timeline for the project were undisclosed. Renderings of the new building were unavailable.
Elsewhere in Long Beach, Linc Housing started construction this month on a 73-unit affordable housing complex at 4151 East Fountain Avenue. The $66.1 million project is expected to be completed late next year.
In December, the state dished out nearly $1 billion in grant funding for affordable housing projects across the state, including for four Los Angeles-area developments. They include a project by Linc, which received $38.2 million for the Ross Center, a two-building development that will rise on the California Endowment’s headquarters campus at 800 North Main Street in Chinatown.
Linc, founded in 1993, has more than 10,000 affordable apartments across the state, including 1,500 supportive housing units, according to its website.
—Dana Bartholomew
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