County To Ground Lease Site To PATH Ventures

Los Angeles County intends to enter into an Option to Lease Agreement and 75‑year Ground Lease with PATH Ventures, alongside Abode Communities, to build the 100‑unit Veteran Commons affordable housing project for veterans and families in Downey. Lease payments will be based on residual receipts once environmental, permitting, and financing conditions are met.

Scope & details

The full contract record, as filed.

Contract type

FACILITIES

Contract term

75-year ground lease term to be negotiated; option period through satisfaction of CEQA, permits, and full financing

Renewal

Initial Ground Lease is contemplated for 75 years with rent based on residual receipts; no explicit renewal options described.

Document type

Agenda

Source document

community_services_cluster_agenda_review_meeting_a.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Los Angeles county Development Authority?

Path Ventures was awarded this facilities contract by Los Angeles county Development Authority, as recorded on August 13, 2025.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in community_services_cluster_agenda_review_meeting_a.pdf (Agenda), dated August 13, 2025 from Los Angeles county Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Path Ventures hold?

Path Ventures may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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