Bienvenidos/ Welcome

4 Marzo, 2013/ March 4, 2013TRUST South LAAbode Communities

Rough Development Timeline Milestone Date

Site Acquisition July 2012

Entitlement & Planning Approvals June 2013 - October 2014

Building Permits October 2015

Financing June 2013 – November 2015

Construction December 2015 - February 2017

Marketing & Lease Up February 2017 - May 2017

Plano del Sitio

30% AREA MEDIAN INCOME  ($25,000 for a family of four)  

No. of Bedrooms Square Feet No. of Units Rent

1 573 3 $443

2 750 15 $518

3 1,050 9 $596

40% AREA MEDIAN INCOME  ($33,000 for a family of four)  

No. of Bedrooms Square Feet No. of Units Rent

1 573 2 $601

2 750 14 $705

3 1,050 8 $811

50% AREA MEDIAN INCOME  ($41,500 for a family of four)  

No. of Bedrooms Square Feet No. of Units Rent

1 573 4 $759

2 750 34 $891

3 1,050 17 $1,026

60% AREA MEDIAN INCOME  ($49,000 for a family of four)  

No. of Bedrooms Square Feet No. of Units Rent

1 573 4 $917

2 750 20 $1,077

3 1,050 8 $1,241

Tradeoffs/ Concesiones

• Cost of Owning a Car/ El costo de tener un auto

Low Car Ownership

VEHICLES AVAILABLE % of total LA-Wide% of total South LA

0 7.5%

26%

  1 28% 38%

  237%

22%

  3 or more17%

14%

Cost of Parking/ El Coste de Estacionamiento

$47,880 (per space)

x 29 (# of spaces)

$1,388,520