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$7 million in loans approved for affordable housing projects for low-income seniors, unhoused

The two projects would add 134 units of affordable housing near Downtown Long Beach serving low-income seniors and people experiencing homelessness.

$7 million in loans approved for affordable housing projects for low-income seniors, unhoused
A rendering of the five-story, 82-unit affordable senior housing project at Alamitos Avenue and Third Street that's expected to be under construction by the end of 2024. Photo courtesy City of Long Beach

Two affordable housing projects catering to low-income seniors and people experiencing homelessness could be under construction by late 2025 after the Long Beach Community Investment Company voted Wednesday to provide up to $7 million in support. 

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