Tilden Terrace, Culver City’s first affordable housing development for large families, involves the new construction of a mixed-use, urban infill development featuring 33-units of family housing and approximately 10,700 square feet of ground-floor commercial retail. The development will be situated on a 32,279 square foot site located at the southern intersection of Washington Boulevard and Washington Place in the City of Culver City. The ground floor commercial retail fronts Washington Boulevard, one of the city’s primary commercial corridors, and is designed to encourage pedestrian foot traffic through the use of wide sidewalks, building setbacks and colorful landscaping.
The building’s design is intended to support existing and future neighborhood and community serving commercial uses, as well as housing opportunities compatible with adjacent residential neighborhoods. The building will be designed and constructed in accordance with California Green Building Standards Code and using sustainable development practices by pursuing a LEED Silver (or higher) green building certification by the U.S. Green Building Council. The development is expected to be completed in approximately 16 months and will feature design components influenced and enhanced by participating members of the community.
The building program includes two (2), one-bedroom units at approximately 730 square feet, nineteen (19), two-bedroom units at approximately 900 square feet, and twelve (12), three-bedroom units at approximately 1,130 square feet in a three-level building over one-level of subterranean parking.
The development of Tilden Terrace will be made possible through a combination of competitive funding sources, such as Low Income Housing Tax Credit equity (TCAC), City of Culver City Housing Set Aside funds (20% tax increment) and Non-Housing Set Aside funds (80% tax increment), conventional debt financing, and Enterprise Foundation Green Grant.
For the latest information on construction updates please visit: http://amjcm.com/construction-updates/tilden-terrace/