MEDIA
Peak Plaza Employee Appreciation Luncheon
April 2026
Peak Plaza hosted an Employee Appreciation Luncheon to celebrate the dedication and hard work of its incredible team. The event offered a chance to step away from the daily pace, enjoy great food, and connect with colleagues in a relaxed and welcoming environment.
This gathering not only recognized the valuable contributions of each team member but also strengthened the sense of community and collaboration that drives Peak Plaza forward. Thank you to everyone who continues to bring commitment, expertise, and teamwork to make Peak Plaza a success!
Measure ULA Faces Review as Development Impacts Come Into Focus
March 27, 2026 – Measure ULA, known as the “Mansion Tax,” is under renewed review as Los Angeles officials assess its impact on real estate activity and housing production. Since its approval in 2023, the measure has generated over $1 billion for affordable housing programs—but questions remain about its effect on new development and investment across the city.
Spectrum News recently reported from Peak Plaza, an active affordable housing development being built by United Building Company, highlighting how ULA-backed funding is translating into real projects on the ground. The site reflects both the opportunity created by the measure and the broader conversation around how projects are getting financed and delivered.
A City Council ad hoc committee has been formed to evaluate the policy and consider potential changes. The group is reviewing market data, project pipelines, and stakeholder feedback to determine whether adjustments are needed to better balance housing funding with economic growth.
While supporters point to developments like Peak Plaza as proof of progress, many in the development community continue to raise concerns around slowed transactions and project feasibility. With a repeal effort gaining traction and market pressures already impacting delivery timelines, the outcome of this review could play a key role in shaping the future of development across Los Angeles.
Measure ULA, also known as the Mansion Tax
January 19, 2026 - Measure ULA, also known as the “Mansion Tax,” continues to generate critical funding for affordable housing across Los Angeles. Since its passage in 2023, the Mansion Tax has raised over $1 billion.
Recently, Fox Business News broadcast from Peak Plaza, a project being built by United Building Company for Hollywood Community Housing Corporation.
These ULA funds enabled the City of Los Angeles Housing Department to release its first NOFA in three years, totaling $283 million for qualified developments. Funding awards are expected in February 2026 and will help close critical financing gaps for affordable and permanent supportive housing projects throughout the city.
United Building Company is actively working with its clients and partners to help deliver these much-needed affordable housing units across Los Angeles.
Miramar Gold Grand Opening Marks Milestone for Affordable Housing
On December 3, 2025, United Building Company joined West Hollywood Community Housing Corporation (WHCHC), public officials, investors, and community partners to celebrate the grand opening of Miramar Gold in Los Angeles — a newly completed affordable housing community designed to provide high-quality homes and on-site resident services. Developed by WHCHC, Miramar Gold reflects a commitment to thoughtful design, long-term affordability, and supportive programming that promotes housing stability and community well-being.
The ceremony featured remarks from Karl Lott (Chair, WHCHC Board of Directors), representatives from Los Angeles County and the City of Los Angeles, project financing partners, and resident services leadership. Speakers highlighted the collaboration between public agencies, financial institutions, designers, and service providers that made Miramar Gold possible, emphasizing the importance of partnership in delivering meaningful housing solutions.
Celebrating the Groundbreaking of Grace Villas
On November 10, 2025, United Building Company joined W.O.R.K.S, Linc Housing, public officials, and community partners to celebrate the groundbreaking of Grace Villas in Lincoln Heights — a new 48-unit affordable and supportive housing community designed for low-income families, transition-aged youth, and individuals with developmental disabilities. Developed by W.O.R.K.S and Linc Housing, Grace Villas brings thoughtful design, sustainability, and long-term stability to a community seeking more equitable access to high-quality housing.
The ceremony featured remarks from City Councilmember Eunisses Hernandez (City of Los Angeles, District 1), Mary Jane Wagle (CEO, W.O.R.K.S), and Rebecca Clark (CEO, Linc Housing), each highlighting the collaboration, funding partnerships, and shared commitment that made this development possible.