The capital stack includes $35 million from United Way for the South Park ‘micro-housing’ development
Housing Diversity Corporation (HDC) has landed more funding for a nearly finished affordable housing project near Downtown Los Angeles.
The company announced it secured a $34.9 million loan from United Way of Greater L.A. and a $13.6 million equity investment from Arctaris Impact Investors to build the 227-unit Liv DTLA. That adds to an original investment of $10 million raised for the eight-story project through crowdfunding platform Crowdstreet and $8 million of equity from high-net-worth individual investors.