Adams Senior Gardens

Adams Senior Gardens is a 38-unit, two-building affordable housing development in the West Adams District of Central Los Angeles. The project provides safe, high-quality affordable housing for an active senior population (aged 55 years and older). Supportive services are provided by FAME Housing Corporation, a well-established community-based sponsor of affordable housing.

The project is located in the West Adams District of Central Los Angeles, which is bounded by the Santa Monica Freeway to the north, the Harbor Freeway to the east, Adams Boulevard on the south and Western Avenue on the west.

19,400 net rentable sq ft.

The property is located in the Adams Normandie Redevelopment Zone, an area targeted by the City of Los Angeles for the provision of incentives for new construction and development. This area is also part of the Los Angeles Community Development Bank Empowerment Zone, a county-wide program. The project units are rented to tenants with incomes that are between 35% and 60% of the area median income.

• FAME Housing Corporation, an affiliate of the First African Methodist Episcopal Church ("FAME"), provides quality affordable housing to families with incomes 35% to 60% of the median income for Los Angeles County, and has been one of the most influential community organizations in LA for over 20 years.
• Capital Vision Equities LLC is a full service real estate development and consulting group that specializes in the construction and rehabilitation of low-income and market-rate housing in greater Los Angeles.

$1,000,000

• Phoenix Realty Tax Credit Fund II, LP is managed by Phoenix Realty Group LLC, a national real estate investment firm providing capital and expertise to urban developers for the creation of middle-market for-sale housing, urban smart growth development, low-income tax credit housing, and community revitalization projects
• FAME Housing Corporation