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| Cynthia A. Parker |
LOS ANGELES, CA, April 23, 2015—BRIDGE Housing and its
partners will mark the grand opening of Sage
Park Apartments at a ribbon-cutting ceremony today at 12 noon. The event
takes place at 1304 West 177th Street, Los Angeles.
“The Los Angeles area is one of the most expensive rental markets in the country, where people with moderate- and lower-wage jobs cannot afford a place to live,” said Cynthia A. Parker, President and CEO of BRIDGE Housing.
“At Sage Park, we are thrilled to be part of transforming an underutilized site into new, affordable homes and community spaces.”
Sage Park features 90 affordable rental apartments for
families on a 3.5-acre site on the north side of the Gardena High School
campus. The property was developed through a partnership between nonprofit
BRIDGE Housing, the Los Angeles Unified School District and the Los Angeles Housing
and Community Investment Department.
Rents are set to be affordable to residents with annual
incomes ranging from $16,541 to $49,800 for a four-person household (30-60% of
Area Median Income). Monthly rents will range from $425 to $1,222 depending on
factors such as income, household and apartment size.
For a complete copy
of the company’s news release, please contact:
Dustin Lawrence
310 854 8242
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