Meta Housing Corporation was hired as master developer for “Founders Village,” and was tasked with the design of this master-planned neighborhood.
To start, the Meta team identified and secured a developer to construct the for-sale senior condos, and managed the progress of that project.
From there, Meta Housing utilized its expertise in the tax credit field to secure 9% tax credits, as well as financing from the City Redevelopment Agency and the County of Orange, in order to construct the senior rental community.
Using this financing, the Meta team developed The Jasmine at Founders Village, a 156-unit senior housing community for active adults aged 55+.
Meta Housing continues to own this apartment community today, subject to a ground lease with the Fountain Valley School District.
Meta Housing was also retained as the contracted developer for the Founders Village Senior Center, which is owned and operated by the City of Fountain Valley.