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The City Council will discuss an application for affordable housing funds for the Heritage Square Housing Project during Wednesday’s joint City Council meeting with Los Angeles County Supervisor Kathryn Barger.
Located at 1762 N. Fair Oaks Ave., just above Orange Grove Boulevard and located on the original site of Pasadena’s historic Decker House, the Heritage Square Apartments building was completed in 2017.
When it is completed, Heritage Square South, located just south of the first project, would provide 69 affordable units for independent seniors and one unit for a manager of the complex.
Like Heritage Square Apartments, Heritage Square South is being developed by the nonprofit Bridge Housing Corp.
The 48,462 square-foot project also includes approximately 2,200 square feet of ground-floor commercial space and a 37-space surface parking lot. The project is expected to cost $30 million.
The property, valued at $5 million, will remain owned by the city but leased to Bridge Housing on a long-term basis.
Bridge Housing has over 16 years of experience in building mixed-use and supportive housing projects.
Bridge Housing was selected to construct the project last year during a hearing before a packed council chamber that included speakers from the city’s affordable housing advocacy community.
Per the city’s Inclusionary Housing Ordinance, 20 percent of the units must be available to very low, low, and moderate-income people at an affordable housing cost.
Five percent of the units must be rented to very low-income households, five percent must be rented to very low- or low-income households; and 10 percent must be rented to very low, low, or moderate-income households.
The meeting begins at 8 a.m. and can be viewed on Pasadenamedia.org.
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