NEW YORK: Life as an actor can be unpredictable, but having a roof over your head shouldn’t be. With skyrocketing rent prices and a saturated talent pool in urban markets like New York City and Los Angeles, city-set housing for the working actor is more important than ever before. With that in mind, the Actors Fund’s second L.A.-area affordable housing residence will begin development late next year.
The housing and creative arts project, which is made possible in partnership with Thomas Safran & Associates and the Los Angeles City Council, will be called the Hollywood Arts Collective and feature affordable and market-rate housing units for actors and artists as well as theater arts and rehearsal spaces, street-level retail and gallery spaces, and an outdoor amphitheater, among other amenities. According to the Actors Fund President and CEO Joseph Benincasa, it’s destined to be very “Hollywood,” featuring an open terrace, a possible black-box theater, and more.