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2/28/17
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Meta Housing Corporation recently broke ground on two affordable apartment communities in Los Angeles. The projects are 127th Street Apartments, an 85-unit apartment community for homeless or chronically homeless individuals, and El Segundo Boulevard Apartments, a 75-unit apartment community for veterans and their families.
“Homelessness in Los Angeles has drastically increased over the last several years,” says Kasey Burke, President of Meta Housing Corporation. “An estimated 254,000 men, women and children experience homelessness in this city during some part of the year, and ten 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.”
Financing for the projects was provided by Chase, Boston Financial Investment Management, the California Community Reinvestment Corporation (CCRC), Housing and Community Development (HCD), Department of Mental Health/California Housing Finance Agency (DMH and CalHFA), Los Angeles Housing & Community Investment Department (HCIDLA), Housing Authority of the City of Los Angeles (HACLA), and the Department of Health Services (DHS).
The two apartment communities are being developed side by side between El Segundo Boulevard and 127th Street. They are located at 550 West 127th Street and 535-611 West El Segundo Blvd.
Both communities will feature the latest in green building and sustainable features. El Segundo Boulevard Apartments will feature storm water filtration planters that clean, treat and recycle all water than lands on the site and building. The community will also boast a cool roof with a high solar reflectance value.
In addition to sustainable features, each of these apartment communities will feature a variety of amenities and community spaces that encourage social interaction and engagement. The El Segundo and 127th apartment communities will feature large community spaces including clubhouses, classrooms, and technology centers for educational training. 127th Street Apartments will also feature a large teaching kitchen for cooking classes and communal dining. El Segundo Boulevard Apartments will feature bicycle storage rooms and an outdoor courtyard.
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