New Affordable Housing Opens in the Heart of San Fernando Valley

HCD joined local leaders and community members to celebrate the grand opening of a new affordable housing community in the San Fernando Valley. Corazón del Valle in Panorama City provides 180 new homes for low-income individuals and families. 

The land for Corazón del Valle was provided by Los Angeles County—a jurisdiction that has earned the Prohousing Designation—helping turn excess public land into housing affordable to people with limited income. Half of the 180 homes at Corazón del Valle are reserved for individuals and families who were previously homeless. 

This project received more than $23 million from the Affordable Housing and Sustainable Communities program jointly administered by HCD and the California Strategic Growth Council. In addition to supporting the housing development, the award also funded neighborhood improvements including bike paths, landscaping, and infrastructure. 

The property includes a health clinic open to Corazón del Valle residents and others in the neighborhood. The clinic offers many services, including check-ups for children and adults, help with diabetes and high blood pressure, and care for heart problems. 

“I am grateful that, in partnership with the Strategic Growth Council, HCD has helped fund these homes for hundreds of low-income Californians, as well as a health center for residents and the broader San Fernando Valley community,” said HCD Director Gustavo Velasquez. “This is a moment of light for Los Angeles, in the wake of so much devastation, as we work to rebuild quickly with an eye toward resilience and critical supportive services.” 

A project of Holos Communities, Corazón del Valle is located near parks, businesses and public transportation. The community utilizes solar panels for energy and recycled water to care for the landscaping.