Blockchain Registration Transaction Record

$31.3M Loan Secured for 116-Unit LA Affordable Housing Project

Priority Capital Advisory arranges $31.3M loan for 116-unit affordable housing project in Los Angeles. ED1 project near LAX will serve local workforce with fully furnished units.

This development directly addresses California's severe affordable housing crisis by creating 116 fully furnished units near major employment centers like LAX and Hollywood Park. For workers struggling with Los Angeles' high housing costs, this project provides quality, move-in-ready housing options that are accessible and affordable. The successful financing demonstrates how public-private partnerships through programs like ED1 can overcome development barriers to create much-needed housing inventory. As California continues to face housing shortages that drive up costs and displace residents, projects like this show practical solutions are possible through innovative financing and strategic development approaches that benefit both communities and developers.