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Meta Housing Corp. Secures Financing for Affordable MF Builds

LOS ANGELES-Meta Housing Corp. secures 9% in tax credits to finance the development of three new affordable-housing multifamily properties, expected to cost $52.2 million.

By Kelsi Maree Borland | Updated on November 14, 2013

LOS ANGELES-Meta Housing Corp. has secured 9% in tax credits to finance the development of three new affordable housing properties in Los Angeles County. The three properties are expected to cost $52.5 million and will total 160 units. Two of the properties will target seniors while the third will target families.

“The need for affordable housing continues to grow throughout the nation, and is especially prevalent in metro areas such as Los Angeles and Long Beach,” says John Huskey, Meta Housing president. “Despite the dissolution of the redevelopment agencies, which substantially affected the way in which affordable projects can be financed, we have succeeded in discovering new ways to finance our affordable family and senior communities. We have been successful in securing tax credits for every project that we have developed.  These credits have assisted us in developing dozens of successful affordable housing projects.”

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