Los Angeles Affordable Housing Update!
The last few weeks have been incredibly exciting for the Broadway Arts Center project in downtown Los Angeles, for which The Actors Fund Housing Development Corporation (AFHDC) has been playing a critical role. On June 5, AFHDC announced the formalization of a new partnership with the Minneapolis-based Artspace as part of the project, which hopes to create a mixed-use development comprising a black box theater, art gallery, creative commercial space and affordable housing for artists. And to further underscore the project’s viability, ArtPlace (a new national collaboration of 11 major national and regional foundations, six of the nation’s largest banks, and eight federal agencies including the National Endowment for the Arts, dedicated to transforming communities with strategic investments in the arts) announced on June 12 that the Broadway Arts Center will receive $470,000 – the largest national grant to be awarded.
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