Six Peak Capital aims to double the approved residential units in Westlake, Los Angeles, leveraging Mayor Bass's Executive Directive 1 to facilitate affordable housing development.
Developer Six Peak Capital recently applied to expand its residential project from 110 to 232 units while adhering to the Executive Directive 1, which promotes rapid affordable housing construction.
Mayor Karen Bass's Executive Directive 1 aims to streamline the development process for affordable housing, directing city officials to complete necessary reviews within 60 days for applicable projects.
With the intention to prioritize affordable housing, Six Peak would market all new units under the Executive Directive 1 framework, contributing to a projected 14,000 new residential units citywide.
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