Mason Place is managed by Housing Catalyst.
Housing Catalyst purchased the Midtown Arts Center in January 2018, intending to transform the building into apartments in late 2020. The Midtown Arts Center, currently a performing arts center with a dinner theater, will continue its programs and remain open through August 2019. After that time, the Center plans to move to new location with a larger capacity for its entertainment venue.
Housing Catalyst will begin redevelopment of the building in late 2019. We plan to provide 60 apartments and support services for people with a disability who are homeless. We believe the best way to help end homelessness is by providing safe, affordable homes along with concentrated support services for the most vulnerable people in our community. This supportive housing model has proven to be the most effective way to solve homelessness in cities throughout the country.
This project has been funded and will begin construction soon.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.