Lincoln Place Apartment Homes
Lincoln Place Apartment Homes is a historic apartment community owned by a subsidiary of Apartment Investment and Management Co. (Aimco). Inspired by the garden city movement, it is located at 1050 Frederick Street on a 35-acre site in the Venice community of Los Angeles, one mile east of Venice Beach. Built from 1949-1951, the property is just off Lincoln Boulevard, bound by Lake Street and Penmar Avenue with Elkgrove Avenue and Elkgrove Circle within its interior. History Lincoln Place Apartment Homes is an example of World War II- work force housing, financed under Section 608 Title VI of the National Housing Act of 1934. The community was originally built to house veterans returning from the War. Housing Shortage The passage of the G.I. Bill at end of World War II caused a housing shortage in the United States, with low- to middle-income families finding few rental property options. The Santa Monica Bay area was especially affected as the opening of Douglas Aircraft's plant in 1940 and the Los Angeles Airport in 1947 led to an increase in housing demand. To combat the housing issue, the Federal Housing Authority (FHA) “created a mortgage insurance program, whose low cost of lending and