Durae Senior Apartments

Casa Durae Grand Opening

900 Crenshaw Blvd. Los Angeles, CA 90019,
540 S. Kingsley Dr. Los Angeles, CA 90020

2016


Durae Senior Apartments provides affordable studio and one-bedroom/one-bath units on two separate sites in the Koreatown/Wilshire neighborhood. Each apartment building includes secured subterranean parking, a large landscaped central courtyard, on-site laundry facilities and a community room with kitchen. In addition, a property management office and social service space is located on the ground floor. The building has been designed to accommodate seniors at different stages in the aging process with various physical abilities. Individual units have grab bars, are pre-wired for emergency call systems and have no-slip surfaces. It is projected that Durae Senior Apartments will exceed California’s Energy Efficiency Standards by over 20%.

Unit Mix


67 units (16 studio units, 49 one-bedroom units, 2 one-bedroom manager’s units)


Affordability


Low-income seniors (30% - 50% AMI).


Development Team


Lead Developer: ​Little Tokyo Service Center
Co-Developer: ​Decro Alpha Corporation
Co-Developer & Service Provider: Korean Resource Center
Equity Partner MUFG Union Bank
Architect: ​Carde-Ten Architects
General Contractor: ​Walton Construction Services, Inc.


Project Financing


Predevelopment / Acquisition

    • Century Housing
    • Local Initiatives Support Corporation
    • California Department of Housing and Community Development: Predevelopment Loan Program

Construction / Permanent

    • California Debt Limit Allocation Committee
    • California Department of Housing and Community Development: Infill Infrastructure Grant
    • California Tax Credit Allocation Committee
    • Citi Community Capital
    • Community Development Commission of the County of Los Angeles
    • CRA/LA, a Designated Local Authority
    • Federal Home Loan Bank of San Francisco: Affordable Housing Program
    • Housing and Community Investment Department
    • Neighborworks America