The Grove Senior Apartments is an 85-unit affordable apartment community for active adults aged 55+ in Orange County. The community, which is located in close proximity to Angels Stadium, Disneyland, several shopping malls and a variety of entertainment, features one-and two-bedroom units in a large, four story building in the heart of Garden Grove, Calif. Residents enjoy a myriad of free classes and community activities.
To develop this project, Meta Housing Corporation acquired the land, which was already entitled for development, and utilized a standard permanent loan and 9% tax credits to finance the project. Meta Housing structured the financing on this development with no funds from the City or any government assistance.