Home News and Notifications Groundbreaking of Vermont Corridor Apartments
Groundbreaking of Vermont Corridor Apartments
Vermont Corridor Apartments

Posted:

04/11/2019
Category

The Housing Authority of the City of Los Angeles (HACLA) joined META Housing Corporation, Western Community Housing, along with Supervisor Mark Ridley-Thomas, Herb Wesson and other partners in a groundbreaking celebration of Vermont Corridor Apartments located in Koreatown.

Co-developed by META Hosing Corporation and Western Community Housing, the formerly vacant lot will transform into a 72-unit affordable housing building with a community center located on the ground floor. After its completion, scheduled for the first quarter of 2021, Vermont Corridor Apartments will include 35 units of affordable housing for low-income seniors aged 62+ while the remaining 36 units will provide permanent supportive housing to seniors experiencing homelessness.

“The County is willing to step up and invest more than ever before in affordable housing because we know what the needs are and we are determined to address them,” said Supervisor Mark Ridley-Thomas in his speech.

“We do a lot of great work with META Housing. We have a great and proven partnership with META Housing that we want to continue to grow,” said Margarita Lares, HACLA’s Chief Programs Officer.

In partnership with the Department of Health Services (DHS), the lead service provider, The People Concern (TPC), and the Youth Policy Institute (YPI), the project will offer robust supportive and resident services coordination to the formerly homeless individuals targeted for tenancy of the 36 Permanent Supportive Housing units and the senior citizens residing in the 35 low-income units.

In addition to spacious common areas and open-space courtyards, Vermont Corridor Apartments will also include 12,500 square feet of community space that will be operated by the YMCA to bring a variety of services to the community through their local partnerships and programming.

About Vermont Corridor Apartments

  • Address:  433 Vermont Avenue, Los Angeles, CA 90020
  • Developer: Meta Housing Corporation
  • Units:  Total units—72; HACLA PBV Contract units—18;
  • Estimated HACLA Project Contribution: $5 million in HAP over the 15-year PBV contract
  • Target Population:  Homeless and chronically homeless seniors (age 62+), including frequent utilizers of County services.
  • Meta Housing has partnered with HACLA on nine PBV projects totaling 247 PBV units, (and 617 total units).  These projects house homeless and chronically homeless individuals, families, seniors, and VASH veterans.
  • HACLA Notable:  Over two funding rounds in 2018, HACLA awarded a total of 1245 PBVs to 26 permanent supportive housing projects serving homeless and chronically homeless individuals, families, veterans, seniors and TAY.
  • HACLA has committed 279 PBVs to seven projects in LA City Council District 10, providing HAP valued at over $65 million over the contract term.
  • Total HACLA PBV commitment to date (all projects):  6738 units; $1,537,368,480

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