The multifamily property provides seniors ages 55+ with affordable, amenity-rich housing in close proximity to public transportation. The property is adjacent to the Los Angeles County Metro’s Gold Line, and is steps away from the Chinatown Station, which also serves as a hub for several bus stops.
As one of Meta Housing Corporation’s transit-oriented developments, The Metro @ Chinatown Senior Lofts gives residents the opportunity to enjoy completely walkable neighborhoods with easy access to public transportation options.
To develop this project, Meta Housing worked closely with Western Community Housing, which served as the co-developer and managing general partner on the project. In addition, Bank of America served as a strong partner throughout the entire development process, providing both debt and equity for the project, as well as playing an integral role in negotiating the disposition of property in September of 2011.