08182017Headline:

Glendale Arts Colony-YMCA Groundbreaking Event held on Feb. 18, 2015

Glendale Arts Colony; $30 Million A&E District Revitalization Project to Support Creative

Community & Provide Affordable, Financially & Environmentally

Sustainable Housing to Families of Working Artists

A Vital Part of the Glendale Community Since 1922, the YMCA Will

Also Undergo Approx. $5.5 Million Remodel & Parking Expansion

 

 

GLENDALE, Calif. — Feb. 18, 2015 — The YMCA of Glendale, in partnership with the City of Glendale, EngAGE and Meta Housing Corporation, is transforming part of its 2.2 acre campus in the heart of Glendale into a mixed-use development that, in addition to providing affordable housing with an artist preference, features a professional gallery, expands the footprint of Glendale’s burgeoning arts and entertainment district, improves the YMCA’s parking and circulation and provides the Y with capital for long-term improvements. Made possible with the highly competitive award of low-income housing tax credits and financing from Bank of America, the $30 million, 70-unit, financially and environmentally sustainable Glendale Arts Colony (located at 121 N. Kenwood St.), to be developed and operated by Meta, will provide affordable housing with a preference to families of working artists who earn 60 percent or less of median area income. The facility will also feature a ground-floor art gallery open to the community.

 


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