Pine Avenue Apartments and its sister Pacific Avenue Apartments are two new residential developments coming to Long Beach’s St. Mary’s neighborhood. Along with a nearby existing affordable senior tower, the three buildings will comprise a mixed-income, mixed-use, and multigenerational village that includes a proposed revitalization and activation of the existing alley and pedestrian walkways connecting them all. Located in an Opportunity Zone, adjacent to light rail, and in the heart of Downtown Long Beach, the site is within walking distance of restaurants, shopping, entertainment venues, and the beach. The Pine and Pacific developments’ pedestrian-oriented commercial uses will extend the diverse and eclectic, arts and small business vibe along Pine Avenue.
Resident Population: Working and Moderate-Income Families and Individuals
Total Apartment Homes: 70 Units (Pine), 84 Units (Pacific)
Affordability: 50% AMI - 120% AMI
Team: IHO, CEDC, Clearinghouse CDFI
Funding Sources: Blended Finance (Public and Private Sources)