Paloma Terrace is a 59-unit, tax credit community for low-income families, with one-, two – and three -bedroom units in its design.
The apartments are arranged around a central landscaped courtyard that includes children’s play equipment, a synthetic turf lawn and picnic area with barbeque. In addition, there is a half basketball court on site with additional outdoor picnic and barbeque areas with gardens and walkways.
There is a large community room with a kitchen, as well as a library/computer lab, a children’s playroom, and a teen activity room. The laundry room for the building is located on the ground floor, directly off of the courtyard. In addition, office space is provided for on-site management staff and a service coordinator.
The design, construction, and operation of Paloma Terrace incorporates green development and energy efficient measures and promotes the Livability Principles described by the Partnership for Sustainable Communities.
Paloma Terrace is striving for a Platinum LEED rating with the U.S. Green Building Council, a non-profit that supports energy efficient and environmentally-friendly building projects throughout the country. What does that mean?
Paloma Terrace is no longer accepting applications.
Financing for the development, construction, and operation of Paloma Terrace has been provided by the California Tax Credit Allocation Committee, California Community Reinvestment Corporation, the Angelus Trust and Wells Fargo Bank.
5000 S. Main
Los Angeles, CA 90037