Los Angeles may have just created a new exit strategy for apartment developers.
The City recently acquired a newly completed affordable housing project in Sawtelle, marking one of the first major sales tied to the ED1 development program.
According to Oron Maher, this transaction could reshape how developers underwrite affordable housing projects. Instead of relying solely on private buyers, completed developments may now have a viable public-sector exit strategy.
If this trend continues, it could improve financing assumptions, reduce exit risk, and encourage more affordable housing development across Los Angeles.
Could this lead to more affordable housing being built in Los Angeles? Let us know in the comments.
