In the Pico neighborhood of Santa Monica, where the cost of living continues to rise, High Place West brings low- and moderate-income families closer to public transportation, schools and jobs. Part of a larger project from the developer Community Corporation of Santa Monica that will include High Place East, the development will help ensure the economic diversity of the neighborhood while featuring a contemporary design that includes a central courtyard with a large playground area. A park and elementary school are just steps away.
32 two-bedroom and 15 three-bedroom apartments for households earning 35 percent to 60 percent of area median income
Solar panels, LED lighting, drought-tolerant landscaping and low-flow plumbing fixtures
Access to Transit
The apartments are located within walking distance of Santa Monica's bus service, the "Big Blue Bus." High Place West is also just one-half mile from the future Expo Light Rail station to be completed in 2016.
Recognizing the lack of affordable housing and transit options in the Santa Monica area, Enterprise invested $8.3 million in Low-Income Housing Tax Credit equity, with JPMorgan Capital Corporation as the equity investor.
California Community Reinvestment Corporation; California Debt Limit Allocation Committee; California Department of Housing & Community Development Multifamily Housing Program; California Tax Credit Allocation Committee; Citi; City of Santa Monica; Community Corporation of Santa Monica; JPMorgan Capital Corporation