### Arctaris and HDC Open LA County’s Largest Master-Leased Housing Development
Arctaris Impact Investors, LLC and Housing Diversity Corporation (HDC) have announced the opening of **Liv DTLA**, a new eight-story, 227-unit affordable housing development aimed at addressing Los Angeles’ ongoing housing shortage. HDC led the development of the project, while Arctaris Impact provided vital funding.
Located at **1411 S. Flower St.**, the privately funded, all-studio housing project sits within an Opportunity Zone near the Los Angeles Convention Center and the Pico Metro Station on the A and E Lines. The development will offer **permanent supportive housing** through a five-year master lease with the **Los Angeles Homeless Services Authority**. Wraparound services will be provided by *The People Concern*, making Liv DTLA the **largest master-leased housing development in LA County**.
“The innovative master lease structure with LA County allows developers to house low-income families without relying on federal subsidies, while also completing the project more efficiently than other affordable housing options,” said **Nihar Sait**, managing director and head of real estate at Arctaris.
This milestone project showcases a new model for tackling Los Angeles’ housing crisis by leveraging private investment and local partnerships in an efficient and scalable way.
