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Meta Housing Breaks Ground on $51M Transit-Oriented MF in Koreatown
Los Angeles-based Meta Housing Corp., in a joint venture partnership with Western Community Housing, broke ground on the $51.4 million Vermont Corridor Apartments. The six-story, 72-unit transit-oriented senior and permanent supportive housing multifamily community is at 433 S. Vermont Ave. in Los Angeles’ Koreatown neighborhood.
The project will provide affordable housing for seniors aged over 62 earning between 25 and 60% of the area median income. Thirty-six of the units will include supportive services funded through the county’s voter-approved Measure H, and subsidized rents for residents experiencing varying levels of homelessness. Funding comes from the city’s voter-approved Proposition HHH and a partnership with the city’s Housing Authority (HACLA), the L.A. Housing and Community Investment Department (HCID) and the county.
The property will also include a 12,500-square-foot community center on the ground-floor dedicated to the YMCA that will provide community services. The project is expected to be completed in March 2021.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development




