New Apartments Are Located Near Public Transit, Key Destinations
Media Contact: Kalin Kipling-Mojaddedi, kalin.kipling-mojaddedi@lci.ca.gov
LOS ANGELES (4/10/26) — California state representatives this week joined Thomas Safran & Associates Development Inc., the City of Los Angeles Housing & Community Investment Department, partners, and community members to celebrate the grand opening of 102 affordable homes in Panorama City.
The new Vista Terrace Apartments, funded in part by more than $28 million from three state programs, are conveniently located near public transportation, health facilities, community services, restaurants and retail. Inclusive of supportive housing units, the apartments are restricted to renters earning between 20% and 70% of the area median income level.
In an area with relatively low median household incomes, these homes — celebrated April 9 — offer a critical resource for the community.
The complex offers studio, two- and three-bedroom units, along with a community room with a full kitchen, spacious seating areas, computer lab, library, piano, and television room. Other amenities include a laundry facility, fitness room, and courtyard with playground area and barbecue, along with regularly scheduled resident activities.
The benefits go beyond housing: California Affordable Housing and Sustainable Community (AHSC) Program-funded improvements include sidewalk repair, crosswalks, curb repairs, a pedestrian warning beacon, a bike route, electric commuter buses, a bus shelter, trees, and upgrades to streetlights. There will also be one discounted transit pass for three years to each resident, along with workforce development opportunities.
Vista Terrace Apartment’s 100% electric, green building design coupled with a significant investment in local transit and active transportation, this project is estimated to reduce 20,176 metric tons of carbon emissions – equivalent to taking more than 4,700 gas-powered cars off the road for a year.
State funding included:
- $22 million from AHSC, administered by the California Strategic Growth Council (SGC) and implemented by the California Department of Housing and Community Development (HCD).
- AHSC Round 10 is accepting applications now.
- AHSC has funded nearly 25,000 affordable homes since its inception.
- $2 million from HCD’s Infill Infrastructure Grant Program.
- $4.4 million from HCD’s Transit-Oriented Development Program.
Vista Terrace is a model for what SGC and our partners are working to achieve throughout California—thriving neighborhoods with walkable, affordable communities near public transit. With easy transportation options and on-site, community-focused amenities, this new complex will enhance quality of life for everyone in the neighborhood.
Vista Terrace represents an opportunity to address historical inequities in local housing development, using adaptive reuse of commercial spaces to expand access to affordable rental housing in a neighborhood rich with opportunity. Through a combination of HCD programs, and our partnership with SGC, we are bringing to life a sustainable, transit-rich community with critical services that will help residents maintain housing stability in the long-term.
California Climate Investments
The AHSC Program is funded through California Climate Investments, a statewide program that uses billions of Cap-and-Invest dollars to fund projects that reduce harmful emissions, protect public health, strengthen local economies, and support natural environments. With a strong focus on communities most impacted by pollution and limited access to resources, California Climate Investments helps build a more equitable and sustainable future.
California Climate Investments includes 117 programs administered by 27 state agencies, with funding directly supporting the governor’s work to build a California for All, meeting the housing needs throughout the state while also protecting California’s climate.
A Housing Approach That Works
From the very first moments of the Newsom administration, the national crisis of housing and homelessness – which was decades in the making – has been addressed with ingenuity, seriousness, and expertise. No other state has devoted as much time and attention to these twin problems – and California is a leader in producing positive results.
About the California Strategic Growth Council
The SGC is part of the Governor’s Cabinet, a team of state leaders who work closely with the governor to advance sustainability, equity, and quality of life across California—connecting housing, transportation, climate, and community investment.
The 10 distinguished members of the council include state-agency secretaries and directors, and three appointed members of the public. The Director of the Governor’s Office of Land Use and Climate Innovation acts as its chair.
The collaborative structure of SGC provides a pathway for broad implementation across state agencies to prioritize uplifting community voices into the type of projects and resources to receive state funds.
About the California Department of Housing and Community Development
HCD helps to provide stable, safe homes affordable to veterans, seniors, young families, farmworkers, tribes, people with disabilities, and individuals and families experiencing homelessness so that every California resident can live, work, and play in healthy communities of opportunity. Since 2019, the Newsom administration has invested over $15.4 billion through HCD’s many programs to fund development of more than 66,000 affordable multifamily rental homes across the state.