Meta Housing

Pico/Gramercy Apartments

Project Details

Featured in CHC Newsletter:

May 2008

Number of Units:

Financing:

TCAC, CDLAC, HCD's MHP among others

Year Opened:

2007

Affordability:

30-60% AMI

CHC Member Partners:

California Debt Limit Allocation Committee

California Department of Housing and Community Development

California Community Reinvestment Corporation

California Tax Credit Allocation Committee

Century Housing

Federal Home Loan Bank

Los Angeles Housing Department

MMA Financial

Wells Fargo Bank

URL:

http://www.metahousing.com/f1.html

Location(s)

Pico/Gramercy Apartments

3215 W Pico Blvd

Los Angeles, CA, 90019

See map: Google Maps

At Pico/Gramercy Apartments, Meta Housing is addressing the enormous demand for housing affordable to working families in Los Angeles. Located in the Mid-City Corridor redevelopment area, the project is conveniently located near schools, shopping, and public transit, Pico/Gramercy has become a community amenity contributing to the neighborhood’s revitalization.

Emerald Terrace Apartments

Project Details

Featured in CHC Newsletter:

Jan-08

Number of Units:

Total Project Cost:

$25,000,000

Financing:

Wells Fargo Bank $15,338,661 (Construction Loan), California Community Reinvestment Corporation $4,900,000 (Perm Loan), City of Los Angeles Housing Department $3,437,128, Apollo Housing Capital (Tax Credit Partner) $15,590,309, Central City West Specific Plan Fund $850,000 (City Soft Money administered by LAHD)

Year Opened:

2007

Affordability:

35-60% AMI

CHC Member Partners:

California Community Reinvestment Corporation

Century Housing

Los Angeles Housing Department

Meta Housing Corporation

Solari Enterprises Inc

URL:

http://www.metahousing.com/six.html

Location(s)

Emerald Terrace Apartments

279 Emerald Street

Los Angeles, CA, 90026

See map: Google Maps

Meta Housing Corporation and Century Housing The transformative impact of infill development is demonstrated by Meta Housing’s recently completed Emerald Terrace Apartments. It is located in central Los Angeles on a previously vacant lot that was a dumping ground for debris and common place for loitering. Completed in 2007, Emerald Terrace is an 85 unit development affordable at 35-60% AMI.