Long Beach: City Breaks Ground on New Affordable Housing Project in Alamitos Beach Area
The Californer/10298258

Long Beach, CA ~ On November 21, 2024, the City of Long Beach celebrated the groundbreaking of a new affordable housing project, 300 Alamitos. The project, located in the Alamitos Beach area, will consist of 82 one-bedroom units for low-income seniors and seniors who have experienced homelessness.

The five-story community, designed by Mercy Housing California, will feature a large open space courtyard and recreation area, an indoor lounge and community space, as well as resident support services. This development is part of the city's ongoing efforts to provide more affordable housing options and improve livability for its residents.

Mayor Rex Richardson expressed his excitement for the project, stating that it will provide a safe and dignified place for seniors to call home. He also emphasized the city's commitment to creating more affordable housing options and enhancing livability throughout Long Beach.

The groundbreaking event was attended by Mayor Richardson and other representatives from the City of Long Beach, as well as local, county, and state partners. Executives from Mercy Housing and Wells Fargo were also present at the construction site.

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The project is located on a former parking lot at its namesake address of 300 Alamitos Ave. It will serve qualified older adults ages 55 and older and is conveniently located near public transit, grocery stores, museums, a senior center, and public parks. Construction is expected to be completed in late summer 2026.

Vice Mayor and Second District Councilwoman Cindy Allen highlighted the importance of investing in affordable housing for low-income older adults and seniors who have experienced homelessness. She believes that this project will leave a lasting legacy of compassion, care, and inclusivity for generations to come.

The City's Community Development Department has been working diligently to support the construction of safe and quality housing for residents across all income levels. This includes utilizing underused sites throughout the city. Earlier this year, three other affordable housing projects were completed in different areas of Long Beach, and construction began on a fourth project in the Midtown area.

The 300 Alamitos site was purchased by The California Land Acquisition Fund Holding I, LLC, a subsidiary of Mercy Housing, Inc., for $4.9 million. The Long Beach Community Investment Company (LBCIC), the City's nonprofit affiliate, provided $5 million in state Permanent Local Housing Allocation (PLHA) funds to support the purchase.

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Eva Melgarejo, Director of LBCIC, expressed her pride in investing in supportive housing communities that provide safe and healthy environments for those in need. She believes that projects like 300 Alamitos demonstrate the city's commitment to its residents and their well-being.

Mercy Housing is one of the largest affordable housing organizations in the nation and has been involved in the development, preservation, management, and financing of affordable housing across the country. Ed Holder, Vice President for Real Estate at Mercy Housing California, emphasized the urgent need for stable and affordable housing for seniors in Long Beach. He expressed his pride in partnering with the City to provide this stability to those who need it most.

CTY Housing, a Venice-based company that provides development and financial services for affordable housing developers, will serve as the co-developer of 300 Alamitos. Yasmin Tong, principal and founder of CTY Housing, praised the City of Long Beach for being a true partner in affordable housing development and looks forward to bringing more high-quality housing to the area.

For more information about 300 Alamitos and other affordable housing projects in Long Beach, residents can visit the Department's Housing and Neighborhood Services Bureau or call 562.570.6949. The City remains committed to providing safe and affordable housing options for all its residents.

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