25501 South Vermont Avenue, Harbor City, CA 90710
Program: 400 Family Housing Rental units
Council District: CD-15
Target Population: Low, very low and extremely low income families
Harbor Village Apartments was built in 1996 as part of a comprehensive redevelopment of the Normont Terrace public housing project. The overall Harbor Village development consists of 624 total attached and detached residences, of which 224 units sold to individual homeowners and 400 units are affordable rental housing.
- Following the expiration of the development’s 15-year Tax Credit Compliance Period in 2012, HACLA in partnership with Related Companies, undertook a comprehensive refinancing and rehabilitation of the 400 unit -rental property. This included securing a 15-year renewal of the Section 8 contract, a new syndication of 4% tax credits and issuance of tax exempt low income housing bonds. The outcome is a complete renovation of the 400 apartment units and further stabilization of the property with deep long term affordability for Section 8 residents.