Subject
Rental Covenant Agreement between the City of Los Angeles, acting by and through the Los Angeles Housing and Community Investment Department and RKC Dewey, LLC, a California limited liability company, to restrict six (6) units out of fifty-one (51) to Extremely Low Income Households for a period of fifty-five (55) years in exchange for a 70% density increase, TOC Tier 3 base incentives, side yard and rear yard reductions, and decreased open space. The six (6) restricted units will be under HCD Sch.6.
The project is located at 950 South Dewey Avenue, Los Angeles, CA 90006.