Affordable housing developer Penny Lane Centers has proposed a 64-unit development project in North Hills.According to an Urbanize.LA report, the four-story, 29,000-square-foot Rigby Apartments at 15314 W. Rayen St. would replace a small event center with 63 affordable apartments plus a manager’s unit in a contemporary low-rise structure.The dwellings – a combination of studio, one-, two-, and three-bedroom floor plans – would be established atop a 51-car basement parking level.Penny Lane Centers also has a separate affordable housing complex, dubbed Sun Commons, in North Hollywood.The North Hills market has another affordable and supportive housing project in development. Meta Housing Corp. just broke ground on the first phase of the five-story, 365-apartment Mission Gateway project 8811 N. Sepulveda Blvd. Togawa Smith Martin will design the roughly $138 million housing complex ($387,000 per unit), which is being funded by tax-exempt loans and federal tax credits.
64-Unit Apartment Building Planned for North Hills
