The FHLB awarded $705,000 for the development, which is designed as a haven for retired entertainers, artists and other area seniors. Burbank-based Western Security Bank sponsored the grant application along with the project's development partners, Meta Housing Corp. and Western Services Foundation.

Meta Housing is a Southland-based builder of affordable senior housing communities. Western Services is a nonprofit provider of on-site services to residents of such complexes.

The FHLB grant is "the keystone to our overall financing package, because it will encourage other agencies to approve different elements of the financing still under review," says John Huskey, Meta Housing's president.