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Real Estate
Affordable Housing
South LA affordable housing complex revitalizes vacant lot

Real Estate

South LA affordable housing complex revitalizes vacant lot

September 19, 2022

Community Development Banking’s Cécile Chalifour spoke with Commercial Observer about a mixed-use project that aims to restore a long under-resourced neighborhood.

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The Evermont project, located on a lot that has been vacant since the 1992 Los Angeles uprising, will deliver affordable housing units, retail space and a nearby charter school to the local community. Cécile Chalifour, West Regional Manager, Community Development Banking for JPMorgan Chase, spoke to Commercial Observer about the importance of the project, plus:

The benefits of collaborating with multiple entities, including BRIDGE Housing and the Coalition for Responsible Community Developers, to bring affordable housing projects to fruition
Construction timelines and other common challenges for affordable housing developers
The firm’s work—both inside and outside Community Development Banking—to finance affordable housing deals nationwide

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