Project Description
The Piedmont
Address: 6750 Whitsett Avenue, North Hollywood, CA 91606
Phone Number: (818) 759-0500
Year Completed: 2002
Type: Senior | Units: 198
Management: Legacy Partners
Partners/Lenders:
- Paramount Financial
- Western Community Housing
- City of Los Angeles Bond Issue, credit enhanced by HUD
- California Tax Credit Allocation Committee (CTCAC)
- California Debt Limit Allocation Committee (CDLAC)
An important project in the history of Meta Housing Corporation, The Piedmont consists of 20% affordable units and 80% unrestricted, market-rate units. The community is built immediately adjacent to its sister property, Park Plaza Senior Apartments.
Centered around a beautiful courtyard and community clubhouse, Meta Housing built this community with various glass walls and windows which are designed to help bring the outside in, and to encourage participation and engagement in various activities.
In addition, with a focus on enhancing the lives of its residents, Meta Housing added many amenities to this project which are now standard elements in each of our communities, including features such as a billiards room, library and movie theatre.
Developed in 2002, The Piedmont is a 198-unit senior housing community made up of one- and two- bedroom luxury units.
This development marked Meta Housing’s entry into market rate development: 80% of the project’s units are market rate, and 20% are affordable. The project was built using FHA financing, specifically with FHA credit enhanced tax exempt bonds and 4% tax credits.