Back in 2007, the nonprofit Gay and Lesbian Elder Housing opened Triangle Square, an affordable apartment complex for LGBT seniors on the former site of a parking lot at Ivar and Selma. With help from the California Redevelopment Agency, JP Morgan Chase, and low-income housing tax credits, GLEH is building a new development for LGBT seniors, called the Argyle Apartments (not on Argyle). "Located at Hollywood and Western just one metro stop from GLEH's Triangle Square, the new development will provide affordable housing to Hollywood's rapidly developing neighborhood," according to a release from GLEH. The $17.5 million project includes 40 units, with a community room, landscaped common area, children's play structure and an outdoor seating; it's supposed to open in spring 2014. This may not qualify as gentrification, but the area of Hollywood and Western is seeing a lot of changes lately--it's even getting its own High Line.
· GLEH [Official Site]