Affordable Housing Finance: Large Affordable Housing Development Opens in Santa Monica, Calif.

A new 64-unit development is providing affordable housing in downtown Santa Monica, Calif.

The Arroyo features 29 one-, 18 two-, and 17 three-bedroom apartments for families in a LEED Gold building and is one of the largest affordable housing communities built in the city in several years.

“We are thrilled to bring this beautifully designed, environmentally sustainable affordable property to
the heart of downtown Santa Monica,” said Tara Barauskas, executive director of the Community Corporation of Santa Monica. “The Arroyo will add to Santa Monica’s affordable housing stock, making the city a more inclusive and vibrant place for everyone to live.”


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