Jordan Downs

 

On February 23, 2012 the Housing Authority of the City of Los Angeles (HACLA) hosted a Board of Commissioners meeting at the Jordan Downs public housing development. One of the topics of discussion included a request to enter into a 90-day negotiation for a  Master Developer Agreement with The Michaels Development Company/Bridge Economic Development Corporation team as the Master Developer for the Jordan Downs redevelopment project. The Michaels Organization is a family of companies dedicated to excellence in affordable, mixed-income, students and military housing. Michaels Development Company is the number-one ranked privately held affordable housing developer in the country and a leading HOPE VI developer, having worked with 20 public housing authorities on large-scale transformations of distressed public housing into modern, sustainable, mixed-income communities affordable to families with a variety of incomes. Michaels; sister company, Interstate Realty Management, is an award-winning property and asset management company offering nationally acclaimed social services. Learn more at www.TheMichaelsOrg.com

Bridge Housing Corporation is the leading non-profit developer of affordable housing in California. Bridge creates and manages a range of high-quality, affordable homes for working families and seniors. Since it was founded in 1983, Bridge has participated in the development of over 13,000 homes serving more than 35,000 Californians. For more information, visit www.bridgehousing.com

“The effort to redevelop Jordan Downs began in 2008 with the formation of the Jordan Downs Community Advisory Committee (JDCAC); the group made up of stakeholders and residents that have worked to help draft the plan for the new community,” said Interim President and CEO, Doug Guthrie. “The next step is for the redevelopment team with a proven track record of successful public housing redevelopment to implement the plan.”