Affordable Workforce Housing
Pinnacle Sponsored QOF participation in this project in an unbeatable location in the booming South Park Neighborhood of Downtown Los Angeles. South Park is a flourishing urban neighborhood nestled in the entertainment hub of downtown LA. This urban infill residential project for under-served workforce renters will provide high-quality, well appointed studio apartments in an 8-story building on a single lot. With this project, a growing demand for workforce housing will be met by delivering a building with a large number of small, high quality apartments at rents affordable to individuals earning at or below 120% of area median income.