USA Properties Fund Inc. has proposed to replace 2.2 acres of industrial facilities in Panorama City with 239 units of senior apartments, according to an Urbanize.LA report.
The proposal, which would raze the existing warehouses and auto repair hangars at 7700 N. Woodman Ave., would be redeveloped with senior affordable housing, in the form of a 280,000-square-foot apartment complex.
Based in Roseville, USA Properties Fund has previously built a similar senior housing community a block north of the site at 7840 Woodman Ave.
Panorama City has a lot of action when it comes to development of affordable housing. According to the report, Domus Development will establish 49 units of low-income spaces at 9502 Van Nuys Blvd. while Clifford Beers Housing has proposed a 180-unit development at 14545 Lanark St.