Long-Term ENA Approved by Metro and County Boards
In late 2017/early 2018, the Metro Board of Directors and Los Angeles County Board of Supervisors approved entering into a Short Term Exclusive Negotiation Agreement and Planning Document (ENA) with Watt Companies for joint development of Metro and County-owned parcels at the Expo/Crenshaw Station. The Short Term ENA provided an interim period before executing a long term ENA so that the community could provide input on the proposed project and the developer could identify a community-based organization to partner with on the development of the project. In the spring of 2018, Watt Companies entered into an agreement with West Angeles Community Development Corporation (WACDC) to partner in the execution and operation of the project, and also held a number of community meetings throughout the Crenshaw corridor to solicit input on the proposed project. Based on community feedback, Watt Companies has refined the proposed project to increase the share of the affordable units to include a minimum of 20-25% of the residential units as affordable to households earning 30-80% of the Area Median Income (AMI).
At their September Board meetings, the Metro Board of Directors and County Board of Supervisors approved entering into a long term ENA with Watt Companies. Information on the Metro Board action can be found in the meeting recap here , and the County Board decision here . Over the coming months, Watt and WACDC will continue engaging local stakeholders to refine the project to ensure that community priorities are realized through this important development opportunity.