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LA’s Affordable Housing Boom | Real Estate News
Venice Boulevard is about to get a major affordable housing upgrade—tearing down a small commercial building to replace it with a seven-story complex offering 115 low- and moderate-income one-bedroom apartments, plus retail and parking. This project leverages LA’s city program that incentivizes dense development for affordable housing, a smart play as market-rate construction costs soar and approvals drag on. Nationally, affordable housing is on the rise, but LA’s leading the charge: over 20% of new apartments between 2020 and 2024 were income-restricted. Behind the momentum? Executive…
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