The joint venture between Decro Corp. and Daylight Community Development, along with the Downtown Women's Center, has celebrated the completion of NoHo 5050, a new affordable and supportive housing complex located at 5050 N. Bakman Avenue in North Hollywood. The project consists of 40 studio, one-, and two-bedroom apartments reserved for formerly unhoused renters, including survivors of trauma. The contemporary five-story structure was designed by Daylight Community Development and includes a learning center, a community room, and landscaped open space. On-site services are provided by the Downtown Women's Center. Funding for the project includes the city's Measure HHH, L.A. County's No Place Like Home program, a pre-development loan from the Corporation for Supportive Housing, and tax credits. Decro Corp., Daylight Community Development, and the Downtown Women's Center have worked on other supportive housing developments in Los Angeles County [81019a2b].
The completion of NoHo 5050 adds to the affordable housing options in North Hollywood. The project aims to provide stable housing for formerly unhoused individuals, including survivors of trauma, and support their transition into permanent housing. The on-site services provided by the Downtown Women's Center will further assist residents in accessing resources and support. The project's funding from various sources demonstrates the collaboration between government programs and nonprofit organizations to address the affordable housing crisis in Los Angeles County [81019a2b].
The completion of NoHo 5050 is a significant step towards addressing the housing needs in North Hollywood. The addition of 40 affordable apartments will contribute to the overall availability of housing options in the area. The project's focus on supporting formerly unhoused individuals and survivors of trauma highlights the importance of providing safe and stable housing for vulnerable populations. The collaboration between Decro Corp., Daylight Community Development, and the Downtown Women's Center showcases the collective effort to create supportive housing solutions in Los Angeles County [81019a2b].