More affordable housing could soon be coming to the Greater Los Angeles Area, following a recent project application from R2H Development. According to plans filed with the City in late August, the project would include 164 affordable apartment units in Sylmar.
The project site is located at 12534 San Fernando Road and would be known as Sylmar Village. According to plans submitted to the City, the building would reach six stories and provide 13,120 square feet of open space and 82 parking spaces onsite.
Designs for the project come from Culver City-based JZA Architecture, with renderings revealing a contemporary building clad in white, gray and yellow.
The project would take shape on a vacant plot of land located north of downtown Los Angeles in the San Fernando Valley. Located among various other residential properties, the development would also allow future tenants access to a number of retail amenities within walking distance of the site. The project site is also situated conveniently between Interstates 5 and 210, providing direct access to the rest of the Greater Los Angeles area.
Should it continue to move forward, the project would join a number of affordable housing projects by R2H. With its name standing for “Right to Housing” the company’s goal is to provide homes for the unhoused communities in Los Angeles. According to the company’s website, R2H uses private equity to lower the cost of building to create more affordable housing throughout Los Angeles.
In general, housing has become increasingly expensive throughout the state of California, causing an even greater need for affordable housing. A report published by Chapman University earlier this year found housing is an issue for many Califonrians as some even look to other states due to rising costs. The report, titled “Restoring the California Dream” found that since 2000, more than 2.6 million residents have left the state. According to the report, the median average household income for the bottom 99 percent of Californians is $55,152 per year. At the same time, the average price for a home in the state was reported at $734,612 and rental rates were reported at $1,566 per month.
