SaMo fails to reach affordable housing benchmark by 10% — again

Only 34 of the total 175 units built during the last fiscal year qualify as affordable

TRD LOS ANGELES /
Oct.October 28, 2016 09:30 AM

Santa Monica fell short of the meeting the city’s requirements for the creation of affordable housing by more than 10 percent this year, according to a new report. That shortfall could work against proponents of the LUVE ballot initiative, which, if passed in November, would require all developments larger than two stories to gain voter approval.

Just 34, or 19 percent, of the total 175 affordable units required under city law were built during the fiscal year 2015-2016, the Santa Monica Lookout reported.  In 1990, SaMo adopted Proposition R, which mandated that 30 percent of all apartments and condos built each year must be affordable to low to moderate-income households.

Of the further 981 units in the pipeline for Santa Monica, only 23 percent are designated affordable.

This year wasn’t an anomaly, either. Since enacting Prop R, the city of Santa Monica has only met the minimum requirement about half the time, according to the city’s housing manager, Barbara Collins.

If LUVE passes on election day, the situation could worsen, since overall development would be curtailed, according to some housing advocates. [SML] and [Curbed]Cathaleen Chen


Related Articles

arrow_forward_ios
6156 Ramirez Canyon Road and 20 37th Place (Credit: Redfin)

This way to the beach: Homes next to ocean topped priciest sales

This way to the beach: Homes next to ocean topped priciest sales
Shops were looted in Santa Monica (Credit: Mario Tama/Getty Images)

Looters cleared out retailers while police clashed with protesters in Santa Monica and Long Beach

Looters cleared out retailers while police clashed with protesters in Santa Monica and Long Beach
Related California CEO William Witte and the project site (Credit: Google Maps)

Related California eyes latest project in Downtown Santa Monica

Related California eyes latest project in Downtown Santa Monica
The coronavirus pandemic could worsen California’s affordable housing crisis

COVID-19 exposes the utter dysfunction plaguing affordable housing development in California

COVID-19 exposes the utter dysfunction plaguing affordable housing development in California
From left: Neil Shekhter and Governor Gavin Newsom (Credit: Kevin Scanlon, Justin Sullivan/Getty Images, and iStock)

Tenant group calls for CA rent strike

Tenant group calls for CA rent strike
Skid Row Housing Trust CEO Lee Raagas and a rendering of the project (Credit: Michael Maltzan Architecture via Urbanize)

Skid Row Housing Trust, Michael Maltzan Architecture plan mass-timber housing tower

Skid Row Housing Trust, Michael Maltzan Architecture plan mass-timber housing tower
Los Angeles City Attorney Mike Feuer (Credit: iStock)

City Attorney Mike Feuer will run for mayor. Here’s what it means for LA real estate

City Attorney Mike Feuer will run for mayor. Here’s what it means for LA real estate
Hobart Garden Apartments at 1344 N Hobart Boulevard (Credit: Google Maps)

Reiner Communities pays $48M for 142-unit East Hollywood complex

Reiner Communities pays $48M for 142-unit East Hollywood complex
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...