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LOS ANGELES COUNTY NEWS
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San Pedro Family Arts Colony Completed

4/30/15

Meta Housing Corporation has completed its first “family arts colony” apartment project - a new, 49-unit arts-focused affordable apartment community that integrates artistic live/work space in the San Pedro neighborhood of Los Angeles.

The community, the Pacific Avenue Arts Colony, is the fourth arts colony project developed by Meta Housing, and the first that is open to non-senior residents.

“Our senior arts colony apartment communities have proven successful in supporting and encouraging imaginative thinking and meaningful creative achievement among residents, while also bringing affordable housing and thoughtful architecture to many Cities,” says Kasey M. Burke, President of Meta Housing Corporation.

Located at 303 South Pacific Ave, the Pacific Avenue Arts Colony is comprised of affordable one-, two-, and three-bedroom floor plans. It offers a variety of art-focused amenities, including professional-grade art studios, a soundproof music room, and a graphic media center, among others.

Constructed on a former automotive repair facility lot in the historic core of the City of San Pedro, the Pacific Avenue Arts Colony, or “Pac Arts,” offers six ground-floor live/work units for resident artists, and includes a full-scale professional level art gallery space that will encourage connection and collaboration with the nearby arts district.

Meta Housing Corporation Senior Vice President Chris Maffris explains, “The vision for this project is that it will serve as a gateway to the nearby San Pedro Arts, Culture, & Entertainment District (SPACE District), and will unite the surrounding communities through art exhibits, performances, and creative programming while providing quality, affordable housing to its residents.”

The Pacific Avenue Arts Colony development was financed with nine percent tax credits, as well as funds from the California Community Reinvestment Corp and the Community Redevelopment Agency of the City of Los Angeles. Meta Housing also worked closely with long-time partner Bank of America, which provided construction financing and equity for the project. This development represents the 14th affordable housing community on which Bank of America and Meta Housing have partnered.

The Pacific Avenue Arts Colony was developed by Meta Housing in partnership with General Partner Western Community Housing, and was designed by Y&M Architects. Non-profit EngAGE will serve as arts and programming service coordinator for the project.






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