On June 4, Community Corp. of Santa Monica broke ground on a $25.5-million senior affordable housing development in the Pico neighborhood.
The project, called Greenway Meadows, will rise from a 15,000-square-foot site at 1820 14th Street. Plans call for a three-story building featuring 39 residential units in addition to a community room, a laundry facility, a library, and 10 basement parking spaces. Other ancillary features will include a ground-floor courtyard and a rooftop deck.
According to a staff report to the California Tax Credit Allocation Committee, Greenway Meadows will cater to older adults earning at or below 30, 40, 50, and 60 percent of the area median income. In addition to a market-rate manager's unit, the project will offer 38 one-bedroom dwellings with monthly rents ranging between $545 and $1,091 per month.
The contemporary low-rise structure is being designed by DE Architects, and will feature an exterior of fiber cement panels and plaster.
Greenway Meadows is one of two affordable developments planned by Community Corp. in the Pico neighborhood; a second project featuring 55 residential units is planned for a nearby site at 1834-1848 14th Street.
Another developer, EAH Housing, is planning its own project at the site of the shuttered Santa Monica Nikkei Hall at 14th Street and Michigan Avenue.
- Senior Affordable Housing Coming to Santa Monica (Urbanize LA)
Interested in finding affordable housing? Visit housing.lacity.org.