Located in the historic core of downtown Los Angeles, Olive Street Preservation is the restoration of a HUD-assisted senior housing complex that was originally built in 1922 as a Pacific Bell office building. Related renewed the Section 8 Contract with HUD and financed the restoration with an FHA loan along with low-income housing tax credits. The result is the restoration of a downtown landmark to its historic beauty while preserving much needed affordable housing in a rapidly gentrifying market.