Affordable 180-Unit Housing Complex Officially Opens in Panorama City

Community members and local officials celebrated the official ribbon-cutting for Corazon Del Valle – “Heart of the Valley” – a new housing development in Panorama City that provides 180 affordable apartments for nearly 400 residents.

“At a time when Los Angeles is in the midst of a housing crisis – intensified by recent fires that have displaced countless residents – developments like Corazon del Valle are critical,” said Los Angeles City Councilmember Imelda Padilla. 

Corazon Del Valle has studio units and one-, two- and three-bedroom apartments for individual renters earning $12,400 or less per year, and for families with annual earnings of up to $70,000. In addition, half of the units have been designated as permanent supportive housing for tenants with disabilities or chronic illnesses, or individuals who have experienced homelessness. 

Corazon Del Valle also has an on-site community health clinic, operated by the San Fernando Community Health Center, to provide medical services both for residents and members of the surrounding community. 

“We are deeply honored to help expand access to quality, compassionate health care to the most vulnerable,” said Audrey Simons, CEO of San Fernando Community Health Center, during the Feb. 8 grand opening event. “Our future satellite clinic will offer residents and neighbors vital services, ranging from primary and pediatric care to the management of chronic conditions, such as diabetes, hypertension and cardiovascular disease.” 

Developed on public land awarded by LA County, the housing project is the largest to date completed by Holos Communities, a North Hollywood-based developer. After being awarded the project in 2019, Holos officials met with representatives of local community organizations, which led to increasing the original plan for the project from 120 units to 180.

“Today, we are opening doors to stability and community,” said LA County Supervisor Lindsey P. Horvath. “Corazon Del Valle shows what’s possible when government and nonprofit leaders come together – transforming a former county building into 180 affordable homes with on-site health care and sustainable design.”

Located at 14545 Lanark St., the multi-building complex is less than a block from the future site of LA Metro’s planned East San Fernando Valley Light Rail line, which will run along Van Nuys Boulevard. The expected completion date for the first phase of the Metro project is 2031.

“First comes public transportation then housing. In a place like Los Angeles, this is a challenge, but the Corazones are exactly where we need to go up,” said Cristian Ahumada, executive director and CEO for Holos. “By siting in a transit-oriented community, [we] reduce the need for parking and provide tenants affordable and equitable access to the rest of Los Angeles.”

Via funding provided by Affordable Housing and Sustainable Communities, each unit will be provided with a discounted Metro card for the first three years of their residency.

“This is a moment of light for Los Angeles, in the wake of so much devastation,” said Gustavo Velasquez, director of the California Department of Housing and Community Development, one of several organizations that provided funding for the Corazon Del Valle project. 

“Corazon Del Valle is thoughtfully designed to support families and strengthen community bonds, setting an example of what innovative supportive housing can look like across our city,” said Padilla.