CREA Edge Newsletter - Dec 23

PAGE 2 PROPERTY IMPACT STORY: 49 SUPPORTIVE HOMES FOR VETERANS AT BUILDING 158

The transition from military to civilian life is not a straight path. All too often, troops return home from their service only to end up without one. Century Affordable Development, Inc.’s (CADI’s) Building 158 is part of a larger master-planned community at the West Los Angeles Veterans Affairs campus that combats this reality. The West Los Angeles VA Campus Draft Master Plan, started in June 2015, “represents unprecedented input and response to VA and the Secretary’s team with over 100 meetings and over 1,000 responses,” and provides a framework that guides the effective use of the

existing campus for Veterans. An integral part of the master- planned community is Building 158, an adaptive reuse of the current VA information technology staff building. The project will create 49 homes for homeless and at- risk Veterans – contributing to the total of nearly 1,700 new supportive homes as part of the master plan. “The redevelopment of the West LA Veterans Campus is an amazing accomplishment. Century and its partners should be applauded for their extensive role in bringing all the various constituencies together to make it a reality,” said Richard Shea, SVP, Originator at CREA. “Building

158 is the next step on the path to providing nearly 1,700 homes to those who were there for us when we needed them, and we can now thank them by helping to provide a place to call home. I couldn’t be prouder to have CREA help bring this impactful development to fruition.” While all homeless residents deserve a safe, affordable place to live, the redevelopment of the West LA VA focuses specifically on under- served and growing populations such as female and senior Veterans. According to a 2015 report by the National Housing Conference and

Center for Housing Policy, “The changing veteran population

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