Corazón del Valle (CDV) I & II
14545 Lanark Street, Panorama City, CA
Last Updated: 11/052024
180
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Total Units
90
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Permanent Supportive Units
288
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Solar Panels
203k
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Projected Kilowatt-hours of electricity Generated/Yr
72k
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Projected Gallons of Water Recycled/yr
24
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Trees Planted
-
Onsite Supportive Services
Onsite Parking
Onsite Laundry
Community Room
Elevator
Cooling Center
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86 family units
86 units for households that have experienced homelessness
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180 units across two phases. Each building will have 90 units:
18 studio units
26 one-bedroom units
22 two-bedroom units
22 three-bedroom units
2 manager units
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Acquired: 2021/2022
Construction: 2021/2022
Live: Expected 2024
Our largest project to date, Corazón del Valle (CDV) is currently leasing up. Named after its location in the heart of the San Fernando Valley, CDV will be home to 176 households across 2 phases. Half of all units will be set as permanent supportive housing, and the remaining will be general affordable units. The building will house a neighborhood clinic operated by the San Fernando Community Health Center that will be open to both the tenants of the building and the greater community.
CDV will be developed to model healthy and environmentally friendly design practices, such as extensive landscaping irrigated by a greywater recycling system, and solar panels to power an on-site battery array. Known as the Safe Haven concept, power captured in the battery array will provide critical services in case of a blackout.
Solar Power
Wheelchair Lift
Playground
Panorama High School, Michelle Obama Elementary School, and Cal Burke Continuation High School for adults are all located within a two-block radius from CDV. Several grocery stores as well as at least 3 pharmacies are within a 15-minute walk from the community.
Van Nuys Boulevard provides access to at least four Metro bus lines less than 500 feet from CDV, and another three lines are a half-mile away that provide access to Amtrak and Metrolink trains. Metro has also greenlighted a new rail line in the San Fernando Valley that would start at the Van Nuys Transit Center, set to run north along Van Nuys, running right past the apartment site.
Operations Partners
Construction Team
Capital Funders
Additional Funding Details:
CA Department of Housing and Community Development (HCD): Affordable Housing Sustainable Communities (AHSC), Multifamily Housing Program (MHP)
Enterprise Community Partners: CA Tax Credit Allocation Committee (TCAC)
Los Angeles County Development Authority (LACDA): Affordable Housing Trust Fund (AHTF)
Los Angeles County Development Authority (LACDA): Section 8 Project Based Vouchers (PBV)
Wells Fargo Bank, N.A.: California Debt Limit Allocation Committee (CDLAC)
News
How To Get Involved
Join us in the fight to house the houseless and mitigate the impacts of climate change and racial inequity. Whether you are able to donate to support our mission, would like to learn about investing in affordable housing, or have land on which you’d like to develop, we’d like to hear from you. The challenges we face are great, but we can do more together.
Leasing Information
Are you looking for an affordable apartment? Is your small business in need of commercial space? Explore vacancies at our community buildings and learn more about the application process.