Framing nears peak at 75-unit affordable housing complex in Hyde Park

Overview

Updated 49 minutes ago

Framing is nearing its peak at a six-story affordable housing complex at 3455 Slauson Avenue in Hyde Park, a short walk from the K Line's Hyde Park Station. The 75-unit building is one of a wave of projects moving forward under Los Angeles' Executive Directive 1, which streamlines approvals for fully affordable housing.

The project adds 75 rent-restricted homes in a neighborhood where rents have climbed and new market-rate construction is also rising. It shows how city policy and state density bonuses can accelerate production, but also highlights the challenges of building affordable housing at scale.

Why it matters

If ED1 continues to deliver projects like this, Los Angeles could add thousands of affordable homes faster, but construction costs and financing remain hurdles.

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Key Indicators

Total apartments

All reserved for low- and moderate-income households.

Low-income units

Reserved for low-income households.

Moderate-income units

Reserved for moderate-income households.

Parking spaces

On-site parking for residents.

Building height

Six-story podium-type building.

240%

Density bonus

Increase in density allowed under density bonus incentives.

Voices

Curated perspectives — historical figures and your fellow readers.

People Involved

Karen Bass

Mayor of Los Angeles

In office

Organizations Involved

RMG Housing

Affordable housing developer

Developing 3455 Slauson Ave.

Los Angeles-based developer of affordable housing.

City of Los Angeles

Municipal government

Approving agency

The city government that issued ED1 and approved the project.

Timeline

2022 November 2026

3 events Latest: Today

November 2026
Framing nears peak at 3455 Slauson
Today Construction

Six-story building is taking shape, with 75 apartments planned for low- and moderate-income households.
Today
2024
3455 Slauson project approved
Approval

The 75-unit, 100% affordable project receives approvals under ED1 and density bonus incentives.
2024
2022
Mayor Karen Bass issues Executive Directive 1
Policy

The directive streamlines approvals for 100% affordable housing projects, reducing discretionary reviews and parking requirements.
2022

Scenarios

Project completes and leases up by 2027

Likely Resolves by End of 2027

Discussed by: Urbanize LA reporting indicates steady construction progress; ED1 projects typically complete within 2-3 years of approval.

With framing nearing peak, the project is on track for completion in 2027. The developer will then lease the 75 units to low- and moderate-income households, adding to the city's affordable housing stock.

Construction delays push completion to 2028

Possible Resolves by Q2 2028

Discussed by: General risk in affordable housing construction; no specific forecasts.

Supply chain issues, financing gaps, or construction problems could delay the project. If framing is not followed by timely finishing work, completion could slip into 2028.

Project stalls due to funding or legal challenge

Unlikely Resolves by Q2 2027

Discussed by: No public indications; low probability given ED1 streamlining.

A lawsuit challenging the project's approvals or a sudden loss of financing could halt construction. This would leave a partially built structure and delay the units.

Historical Context

2 moments from history that rhyme with this story — and how they unfolded.

December 2022

Executive Directive 1 (2022)

Mayor Karen Bass issued Executive Directive 1, instructing city departments to streamline approvals for 100% affordable housing projects. The directive aims to reduce permitting times from years to months.

Then

Several projects, including 3455 Slauson, have used the directive to expedite approvals.

Now

The directive is part of a broader effort to address Los Angeles' housing shortage, though its impact on overall production is still being measured.

Why this matters now

The 3455 Slauson project was entitled using ED1, demonstrating how the policy translates into shovels in the ground.

2019

Related California Senior Affordable Housing Complex (2019)

A senior affordable housing complex was completed at Crenshaw Boulevard and 53rd Street, across from the 5365 Crenshaw project. It provided homes for low-income seniors in Hyde Park.

Then

The project added affordable units in a neighborhood with rising rents.

Now

It demonstrated that affordable housing can be built in Hyde Park, paving the way for more projects.

Why this matters now

The 3455 Slauson project continues a trend of affordable housing development in Hyde Park, building on earlier successes.