Passo Celebrates Early Completion of Its First Affordable Housing Community in Granada Hills, Delivering Critical Homes Months Ahead of Schedule

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LOS ANGELES--(BUSINESS WIRE)--Sep 9, 2025--

Passo, one of Los Angeles’s fastest-growing affordable housing developers, is proud to announce the substantial completion of its inaugural residential community on Devonshire Street in Granada Hills — delivered several months earlier than forecasted and under budget. This milestone marks not only Passo’s first completed project but also a bold demonstration of the company’s ability to execute with speed, precision, and quality at scale.

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With more than 600 affordable units currently in various stages of construction and development across Los Angeles, Passo has rapidly established itself as a transformative force in addressing the city’s housing crisis. The Devonshire community reflects this mission: thoughtfully designed residences that combine efficiency, a high quality of life, and luxurious finishes rarely associated with affordable housing.

“Our buildings are designed to maximize efficiency while never compromising on quality,” said Daniel Glimcher, Partner at Passo. “From spacious floor plans to luxury-grade finishes, we are setting a new standard for what affordable housing can and should be. These homes will offer families an extraordinary school system that may have been previously inaccessible, as well as easy access to the Sepulveda VA for local honored veterans.”

“Completing Devonshire months ahead of schedule is a testament to the exceptional skillset of our team, the discipline of our processes, and the vision that drives our firm forward,” added Sabin Burrell, Principal at Passo. “This achievement reflects not only the strength of our development platform but also our unwavering commitment to delivering for the communities we serve.”

The Granada Hills property offers a diverse mix of studio, one-, two-, and three-bedroom residences, each designed with larger-than-typical floor plans, modern layouts, and elevated finishes — ensuring a luxurious lifestyle for its residents.

Building on this momentum, Passo has just broken ground on multiple new developments in Sawtelle and Mar Vista, further expanding its pipeline of critical affordable housing projects across West Los Angeles.

As Los Angeles continues to face urgent housing challenges, Passo’s results-driven approach positions the company as a key partner in reshaping the city’s residential landscape. The firm’s model — combining institutional-grade execution with mission-driven values — is rapidly attracting attention from investors, municipalities, and community partners alike.

ABOUT PASSO

Passo is a Los Angeles-based real estate development and investment firm committed to delivering high-quality, affordable housing that addresses the city’s urgent and growing needs. Passo is actively contributing to the future of housing in some of the most desirable neighborhoods across Los Angeles. Our work focuses on thoughtfully designed projects that bring lasting, affordable communities to life in highly desirable neighborhoods. By building where people want to live, we enhance the urban fabric of Los Angeles and promote both social and economic growth for our residents. Supported by leading institutional capital partners and a top-tier team of architects, engineers, and construction professionals, Passo is redefining what affordable housing can achieve. Our approach emphasizes quality, sustainability, and long-term community impact. We are not only building housing; we are building pathways to opportunity. livepasso.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20250909525454/en/

CONTACT: Media Contact:

Daniel Glimcher

[email protected]

917-532-6940John Hynes

[email protected]

310-855-4713

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT

SOURCE: Passo

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PUB: 09/09/2025 09:08 AM/DISC: 09/09/2025 09:07 AM

http://www.businesswire.com/news/home/20250909525454/en