Meta Housing Breaks Ground on LA Affordable Housing
- Feb 27, 2017
Los Angeles—Meta Housing Corp. broke ground on two affordable apartment communities in Los Angeles, the 127th Street Apartments located at 550 W. 127th St. and the El Segundo Boulevard Apartments located at 535-611 W. El Segundo Blvd. The 127th Street community will offer 85 units for homeless or chronically homeless individuals, while El Segundo will offer 75 units for veterans and their families.
“Homelessness in Los Angeles has drastically increased over the last several years,” said Kasey Burke, president of Meta Housing Corp. “An estimated 254,000 men, women and children experience homelessness in this city during some part of the year and 10 percent of LA’s homeless population is comprised of U.S. veterans. This is a challenge that must be addressed and new affordable housing is the right place to start.”
Both communities are being developed side by side and will feature the latest in green building and sustainability features. El Segundo Boulevard will feature storm water filtration planters that clean, treat and recycle all water that lands on the site and building and a cool roof with a high solar reflectance value. The developments will also offer a variety of amenities including large community spaces such as clubhouses, classrooms and technology centers. 127th Street will also feature a large teaching kitchen for cooking classes and communal dining. El Segundo will feature bicycle storage and an outdoor courtyard.
Financing for the projects was provided by Chase, Boston Financial Investment Management, the California Community Reinvestment Corp., Housing and Community Development, Department of Mental Health/California Housing Finance Agency, Los Angeles Housing and Community Investment Department, Housing Authority of the City of Los Angeles and the Department of Health Services.
“These new developments will fill a deep void in the community by helping individuals and families end a life on the streets and instead enjoy a safe, quality place to live,” added Burke. “By replacing a blighted vacant lot with high-quality housing that integrates strong supportive services, we are enriching the lives of residents, as well as the local community.”
Image courtesy of Meta Housing Corp.