The partnership comes in light of a recent UCLA study that shows the affordable housing crises in the region. It found that more than three-quarters of low-income seniors in California are rent burdened.
“We are thankful for the opportunity to partner with MP Los Angeles on this important project,” said Anne Friedrich, president of Menorah Housing Foundation. “Senior housing is a critical issue not only for Hollywood, but for all of Los Angeles, with the demand greatly overwhelming the supply. This project offers a thoughtfully designed community for rent-burdened seniors to stay in the neighborhood they know and love.”
Hollywood Center will significantly enhance its immediate neighborhood, while allowing older adults in Hollywood to remain close and engaged with various senior services.
“Our partnership with Menorah Housing directly addresses the needs of our future senior residents,” said Mario Palumbo, managing partner, MP Los Angeles. “The experience Menorah has in Hollywood and the expertise they bring such as onsite social services and programs for at-risk seniors will be an invaluable addition to the project as a whole.”
Construction of Hollywood Center is anticipated to occur in two phases, the first of which would break ground in 2021.
Last modified: November 27, 2018