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LA housing authority makes record apartment buy in affordable conversion play

Restore Rebuild program helped finance purchase of 335-unit complex in Woodland Hills
The Housing Authority of the City of Los Angeles added the 335-unit Clarendon Apartments in Woodland Hills, California, to its portfolio. (CoStar)
The Housing Authority of the City of Los Angeles added the 335-unit Clarendon Apartments in Woodland Hills, California, to its portfolio. (CoStar)
CoStar News
January 30, 2025 | 8:21 P.M.

A record apartment sale in Woodland Hills is the latest example of Los Angeles municipal leaders' strategy to convert market-rate apartments to affordable housing in order to help curb the region's housing crisis.

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