The property, which was formerly a metro switching station, featured an historic tunnel through which the red car line once ran underground. The site had been blighted for more than 30 years, however, and Meta Housing Corporation worked closely with the City of Los Angeles to bring this new project to life.
Meta Housing retained the property’s historic structure and created a mural where the tunnel once was. Today, residents enjoy an after-school tutoring program, available to youth and teens at no charge.
Meta Housing utilized tax credits and tax-exempt bonds, as well as traditional equity from Essex Investment Management in order to develop this project.