The city of Long Beach, in partnership with the nonprofit Long Beach Community Investment Company (LBCIC) and Clifford Beers Housing Corporation, celebrated the groundbreaking of a new affordable housing development project on Wednesday.
Called Vistas del Puerto, two buildings will feature 48 one-, two- and three-bedroom apartments for lower income families who earn between 30 and 50 percent of the area median income, a release said.
The Vistas del Puerto groundbreaking came a week after groundbreaking for the 96-unit Spark at Midtown, another affordable housing complex at the 1900 block of Long Beach Boulevard.
The latest location, 1836 Locust Ave., is less than a quarter mile from the Metro Blue Line light rail and bus lines that operate along Long Beach Boulevard and Pacific Coast Highway, making transportation more accessible for families without a vehicle or another reliable transportation source.
The project is in motion thanks to a financing loan of $2.8 million approved in 2017 by LBCIC. Last year, the LBCIC approved additional gap funding for Clifford Beers to bring the total loan amount to $3.2 million, a release said.