Woodland Hills Affordable Breaks Ground via ED1

R.D. Olson Construction and Meta Housing Corp. broke ground on a new seven-story affordable housing apartment complex in Woodland Hills. The project’s green light was fast-tracked using Los Angeles Mayor Karen Bass’ Executive Directive 1, intended to accelerate the approval of qualifying affordable housing projects.

Known as The Alcove and located at 21300 W. Oxnard St., the all-new construction is part of the San Fernando Valley area’s revitalization, with access to the 101 Freeway, Pierce College, and nearby Topanga Westfield Mall. The first phase of construction will offer 173 units ranging from studios to three-bedroom apartments, with completion expected for fall of 2025.

“Meta Housing Corp. are longtime partners of R.D. Olson Construction,” said Bill Wilhelm, president of R.D. Olson. “We feel honored that they choose to continue using our services and trust us with the important responsibility of creating affordable housing for those who need it most.”

Phase two of The Alcove, now in the planning stages, is designed to add 128 more units and will be located on the north section of the 2.25-acre lot.

Be there in person for the 8th Annual Connect Los Angeles 2024, May 1 at the Intercontinental Los Angeles Downtown. Industry leading experts will share insights and forecasts on today’s CRE markets.