Oct 14, 2026
Meta Housing Plans 154 Affordable Units in Pasadena
Meta Housing Corp. is developing Greenwood Colorado Apartments, a six-story, 154-unit affordable housing project at 1946-1976 E.
Image by Studio One Eleven
Traded Editorial
- Meta Housing Corp. is planning Greenwood Colorado Apartments, a six-story, 154-unit affordable housing development at 1946-1976 E. Colorado Boulevard, Pasadena, California.
- Apartments would serve households earning 30% to 70% of area median income (AMI).
- The approximately 173,000-square-foot project would include parking for 77 vehicles, a central courtyard and additional outdoor spaces.
- Construction is scheduled to begin in February 2027, with opening targeted for December 2028, according to the project website.
What Meta Housing Plans for East Colorado Boulevard
Meta Housing Corp. is advancing another affordable housing proposal along East Colorado Boulevard in Pasadena, with plans for a six-story apartment community called Greenwood Colorado Apartments. The development would deliver 154 one-, two- and three-bedroom units on a site at 1946-1976 E. Colorado Boulevard. The project is designed for renters earning between 30% and 70% of the area median income, targeting households that may struggle to find housing at market-rate prices in the Los Angeles region. The proposal is eligible for density bonus incentives, which can allow additional residential density in exchange for qualifying affordable housing commitments.
What Makes This the Third Meta Housing Project
Greenwood Colorado is the third affordable housing project Meta Housing has pursued along this stretch of East Colorado Boulevard, following proposals at 2000 E. Colorado Boulevard and 2155 E. Colorado Boulevard. Together, Greenwood Colorado and the nearby 2K Colorado project are expected to provide 297 affordable homes, according to the Greenwood Colorado project website. The projects reflect a broader strategy of repurposing underutilized commercial properties to add housing in established urban areas. Studio One Eleven is designing Greenwood Colorado. Plans call for a central courtyard, smaller landscaped open spaces and shared areas intended to support resident interaction. The development will also include parking for 77 vehicles.
What the Project Signals for Pasadena Investors
Pasadena faces continued pressure to expand housing options. The city’s 2021-2029 Housing Element identifies a target of 9,429 new residential units across income categories during the planning period, underscoring the scale of its housing obligations. Density bonus incentives are an important tool for developers delivering qualifying affordable units in California. They can allow projects to exceed standard zoning density limits, potentially improving the number of homes delivered on a given site. For property owners and investors, the proposal highlights the redevelopment potential of commercial parcels in established neighborhoods. Affordable housing projects can create a path to reposition sites, although construction costs, financing, approvals and affordability requirements remain central to feasibility. With construction targeted for February 2027 and opening planned for December 2028, Greenwood Colorado could add meaningful affordable rental supply to Pasadena’s East Colorado corridor. The next milestones will be project approvals, financing and the start of construction.