Construction Monthly Magazine | Los Angeles 2022 Build Expo Show Edition

a Primestor project. Primestor is a great developer that works
closely with the community and local businesses to ensure that
their retail centers provide access to the commercial goods and
services that these underserved communities need and want.”
• Jose Villalobos, Senior VP, TELACU: “Established in East
Los Angeles in 1968 as a pioneering institution committed to
service, empowerment and the creation of self-sufficiency,
TELACU is proud to make this New Markets Tax Credit
investment into Evermont, a transformative development that
will bring needed retail services and economic opportunities to
this severely distressed and chronically underserved community
in South LA.”
• Cécile Chalifour, Managing Director, Community
Development Banking, Chase: “We’re proud to provide
financing to support the development of the Evermont, a
particularly complex project with three separate developments
which will bring affordable housing to our community’s
families and local seniors who are in need of a steady roof over
their heads, especially in these uncertain times. By working
with industry leaders like BRIDGE Housing and Primestor,
we’re able to help communities like Vermont & Manchester
build a future that addresses the need for affordable
housing, but also provides essential services and creates
sustainable transportation links that will be critical to help this
neighborhood grow and thrive.”
• Gustavo Velasquez, HCD: “HCD is proud to be a small part
of this giant accomplishment by providing funding from
several programs we administer,” said Gustavo Velasquez,
Director, California Department of Housing and Community
Development. “We commend all parties involved for their
collaboration and commitment to provide quality affordable
housing for those who need it. In addition, we’re excited to
see future residents will also have the supportive services they
require in a project that supports the state’s greenhouse gas
reduction goals and creates healthier, more livable communities
for Californians near the amenities they need.”
• Lynn von Koch-Liebert, Executive Director, California
Strategic Growth Council: “The Evermont affordable housing
development provides a wonderful example of the sustainable
and integrated development that can be achieved through
innovative partnerships. These homes will be affordable, near
transit, and will feature amenities that the community can
enjoy. Congratulations to BRIDGE, CRCD, Primestor and all the
project partners for getting the project to this point, ready for
construction.”
• Richard Gerwitz, Managing Director, Citi Community Capital:
“Citi Community Capital is excited to be a part of the Evermont
financing team, and applauds BRIDGE, Los Angeles County,
the City of Los Angeles and the State of California for using
their resources to advance such a meaningful project. The
project is an extraordinary achievement that will transform a
neighborhood and revitalize the surrounding community.”
• Philip Porter, Vice President, Originator, Housing Credit
Investments, Enterprise: “Enterprise is grateful for the
opportunity to invest with BRIDGE, CRCD and Primestor on
this important redevelopment which will bring housing and
valuable services including a transit hub and a grocery store to
a community that is still healing after the uprising in the early
1990s.”
• Ken Summers, General Manager of Suffolk Los Angeles:
“Suffolk is committed to delivering much-needed housing to
residents across Los Angeles as efficiently as possible. We’re
proud to contribute our construction expertise to such an
important project that’s helping to drive equitable change in
South Los Angeles and beyond.”
• Mike Harvey, Project Manager, Cumming Group: “As the
Vermont Manchester Transit Priority Project reaches this
momentous stage, we are excited to bring this much-needed
affordable housing and retail space to life to help support the
local community. This project has been a beacon not only for
the community, but us as an organization as well. We hope
collaborative projects like this continue to bring together
communities, local governments, and private developers so we
can serve as shepherds in revitalizing our neighborhoods.”
About TCA
Founded in 1993, TCA Architects are nationally recognized leaders
in high-density, mixed-use, multifamily housing, dynamic retail
and signature hospitality environments. The firm’s collaborative
approach and industry leading technological expertise have
resulted in award-winning, sustainable projects that respect our
communities and the environment. With studios located in Oakland,
Los Angeles and Irvine, California, TCA is one of the nation’s fastest
growing architectural firms. For more information on TCA, its design
talent and current projects, visit http://www.tca-arch.com/
About BRIDGE Housing
BRIDGE Housing’s mission is to strengthen communities and
improve the lives of residents, beginning–but not ending–with
affordable housing. A leading nonprofit developer and owner of
affordable housing, BRIDGE creates and manages a range of highquality,
affordable homes for families and seniors in California,
Oregon and Washington. Since it was founded in 1983, BRIDGE
has participated in the development of more than 18,000 homes.
For more information, visit www.bridgehousing.com.
About the Coalition for Responsible Community Development
(CRCD)
CRCD’s overall approach is neighborhood-based community
development. The nonprofit organization has a long-term
commitment to improving the quality of life in South Los
Angeles, focusing on youth in the community and assisting
them with education, opportunities to pursue career pathways,
and meeting basic needs such as adequate housing. CRCD also
addresses longstanding neighborhood conditions in South Los
Angeles – such as poverty, unemployment, public safety issues,
and the lack of affordable housing. Since its founding in 2005
by concerned community members, CRCD has partnered in a
combined investment of $125 million in South LA housing and
real estate, including 370 units of permanent supportive and
affordable housing, plus a community space for support services,
youth programs, adult workforce development, reentry services, a
drop-in center for homeless youth, and commercial space for social
enterprise. Learn more at www.coalitionrcd.org
About Primestor
Primestor is a purpose-driven developer with a mission to unite,
empower, and inspire communities to achieve their highest
potential. The Evermont project will stimulate a local economy
by creating new jobs, facilitating workforce development, and
sponsoring year-round activities for the residents of the community.
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