Artists find a new, affordable home

A new housing complex will provide a place for artists to live and work in Glendale.

Meta Housing Corporation has completed the development of ACE/121, a 70-unit affordable apartment community for artists and their families.

Constructed on a 54,000 square-foot, YMCA-owned site, the five-story apartment community incorporates an 800 square-foot professional-caliber art gallery, a visual arts room, a makerspace, two music rooms and a dance studio, among many other amenities.

“In addition to long-term affordable housing, artists need spaces for exhibition, collaboration and creation, and tools for production,” said Meta Housing executive vice president Chris Maffris. “ACE/121 provides these. The art spaces belong to the tenants. The gallery is the tenants’ art collective. We’re very excited to see what this Civitas produces.” (Civitas is a tenant-coined name for the gallery.)

Financing for the project was provided by the City of Glendale Housing Authority, Greystone & Co. and Bank of America, which served as the tax credit equity investor, providing both the construction financing and the direct investment in the low-income housing tax credits.

“This is our 13th of 15 projects in partnership with Meta Housing, and we continue to find significant value in our work together,” said senior vice president of Community Development Banking Charmaine Atherton. “Bank of America Merrill Lynch is committed to investments that deliver deep social benefits to communities at large. By seamlessly integrating the arts into this modern development, we are able to support a burgeoning artist community while ensuring that residents enjoy access to much-needed high-quality affordable housing.”

ACE/121 is located at 121 N. Kenwood Street in Glendale, California, and comprises affordable one-, two- and three-bedroom floor plans. In addition to its arts amenities, the apartment community features a computer lab, a tutoring area and a tot lot. The community was designed by the architects at Studio One Eleven of Long Beach, California. Nonprofit organization EngAGE will serve as arts and programming service coordinator for the project.

12/13/2017


Open Location
Open How we're involved