National Equity Fund

Florence Mills Apartments

Los Angeles, CA

Jobs Created: 22
Jobs Year One: 90

Florence Mills Apartments (FMA) is an environmentally-forward and thoughtfully designed mixed-use affordable housing building in the Central Avenue Historic District of South Los Angeles. FMA offers 74 new apartments with a mix of one-, two-, and three-bedrooms, approximately 5,000 square feet of commercial retail on the ground floor, community spaces for on-site resident services, and one level of subterranean parking. The apartment community is home to 54 large low-income families earning less than 60 percent of the Area Median Income (AMI) and 19 homeless veterans and families earning less than 18 and 9 percent AMI, respectively. The architecture integrates design elements to satisfy the needs of future residents, foster a sense of community, and reduce the environmental impact of the building. The building's namesake and mural subject, Florence Mills, was an extraordinary African American singer, dancer, and a passionate advocate of racial rights who captivated audiences during the golden age of Jazz in the 1920s. This community was a 2021 finalist in the Charles L. Edson Tax Credit Excellence Awards and the AHF Readers' Choice Awards - Urban Category.

FMA was developed by Hollywood Community Housing Corporation. NEF invested over $25 million of LIHTC equity into this development.

Project Details:

Population Served:
Special Needs
Total Units:
Mix of Residences:
2 Bedroom (37),3 Bedroom (24),1 Bedroom (13)
Net Equity:
Credit Type:
Other Credits:
Total Project Costs:
Hollywood Community Housing Corporation
Property Manager:
Barker Management, Inc.
KFA Architecture
General Contractor:
Walton Construction Inc.

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Georgiaville Village Green

Georgiaville Village Green

Smithfield, RI

Georgiaville Village Green is one of the first affordable housing developments for families in Smithfield, Rhode Island. Once home to the Narragansett Gray Iron Foundry, Gemini Housing Corporation remediated and replaced a brownfield site with a 42-unit complex. This townhome community mirrors the architecture of historic Georgiaville Village while maintaining a cohesive design that is surrounded by greenery built to street edge. Units are available for single-family residents earning between 30-60 percent of the Area Median Income (AMI).  

The new homes at Georgiaville Village Green offer 3 one-bedrooms, 22 two-bedrooms, and 18 three-bedrooms. Five homes are reserved for very low-income households earning no more than 30 percent AMI through the Section 811 program, which offers supportive services to those residents with disabilities. The Smithfield area holds a range of shopping centers, medical centers, restaurants, and other amenities. 

This building’s “green” features include storm water runoff management, 46-kW solar photovoltaic systems, and the construction led to efforts to clean the contaminated lagoons and rehabilitate nearby riverbanks.  

Georgiaville Village Green was a 2020 AHF Readers’ Choice Awards Finalist in the Family category. Funding from the Local Initiatives Support Corporation (LISC) and Community Development Block Grant (CDBG) program made the remediation and land purchase possible. Sponsored by Gemini Housing Corporation and housing authority affiliate, Coventry Housing Associates, NEF contributed an investment of about $8.1 million in LIHTC equity.  

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