The Los Angeles City Council has voted to make Mayor Karen Bass’ affordable housing initiative, known as Executive Directive 1 (ED1), a permanent part of the L.A. Municipal Code. Issued three years... Read more »
Priority Capital Advisory, a Los Angeles-based boutique debt and equity capital advisor, has secured $18 million in senior debt financing to construct 17188 Chatsworth, a 69-unit affordable multifamily community in Granada Hills.... Read more »
While the number of ED1 projects is poised to accelerate this year, a growing number of developers and advocates question the math behind it. Soon after assuming office, L.A. Mayor Karen Bass... Read more »