Logos Faith Development, a Los Angeles–based for-profit impact developer, in partnership with St Rest Friendship Baptist Church, broke ground on Phase One of a 138-unit affordable housing community at 709 W. Manchester Ave. in Los Angeles, marking the organization’s first groundbreakings completed without co-developers.
St. Rest Phase One will deliver 62 new apartment homes serving low- and moderate-income households. The four-story development will include 53 one-bedroom units and nine two-bedroom units, features a courtyard on the second floor and will provide 27 covered parking spaces. Construction funding was delivered via a roughly $15-million construction loan from Sunflower Bank. Phase One is expected to be completed in the fourth quarter of 2027.
The overall St Rest project will feature a mix of 138 one-bedroom and two-bedroom units, with roughly 90% of the units dedicated to low-income tenants under Section 8 standards. The full two-phase plan will ultimately create new housing units across neighboring parcels, along with a new worship and ministry space for St Rest Baptist Church in Phase Two.
The post Logos Faith, St. Rest Break Ground on 138-Unit Affordable Housing appeared first on Connect CRE.
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