Affordable housing developer wants to be the first to benefit from new transit oriented development incentives

The project in South LA qualifies as a Tier 3 (high) transit zone

TRD LOS ANGELES /
Oct.October 12, 2017 05:30 PM
432 E. Florence Avenue in South Los Angeles and Florence Metro station (Credit: Google Maps)

An unspecified developer filed plans with the city Wednesday to build a 51-unit complex at 432 E. Florence Avenue in South Los Angeles. It would be the first to use the Transit Oriented Communities incentives that went into effect last month, Urbanize reported.

Due to the project’s proximity to transit stops, the developer requested relief from yard setback requirements and an extra 11 feet in height.

Planning documents filed with the city suggest 50 units will be set aside for extremely low-income households — those earning less than 30 percent than the L.A. area median income — with the remaining unit saved for the manager of the property. An auto repair garage, which now sits on the site, would be demolished.

The incentives for developers to build near transit hubs are a recent rollout that is part of Measure JJJ, which passed with 64 percent voter support last year. The transit incentives program was officially adopted Sept. 22.

The project’s location — one block away from the Florence/San Pedro bus stop and not far from the Florence Metro — qualifies it as Tier 3 (high), meaning it is less than 750 feet away from a regular bus and Metrolink Rail station. That allows developers filing on the site to request increased density and ground area, as well as reduced parking and yard space.

Other stipulations of Measure JJJ require developers seeking zoning exemptions to pay their workers union-approved rates and set aside 40 percent of units for low-income households. [Urbanize]Natalie Hoberman


Related Articles

arrow_forward_ios
Michael Rosenfeld,,Simon Reuben and David Reuben, with a rendering of Century Plaza (Credit: Presley Ann/Getty Images, and Dave Benett/Getty Images)

Michael Rosenfeld’s Woodridge Capital lands $275M loan for Century Plaza

Michael Rosenfeld’s Woodridge Capital lands $275M loan for Century Plaza
California State Senator Scott Wiener and Senate President Pro Tem Toni Atkins

Statewide bill would allow duplex development on single-family parcels

Statewide bill would allow duplex development on single-family parcels
Jose Huizar and Nury Martinez (Credit: Desiree Stone/Getty Images)

LA City Council moves to “close loopholes” in the development process

LA City Council moves to “close loopholes” in the development process
Jose Huizar (Credit: Kent Nishimura / Los Angeles Times via Getty Images)

Jose Huizar’s trial now set for June 2021

Jose Huizar’s trial now set for June 2021
Jose Huizar and a rendering of the project (Getty, City Market LA)

Huizar-tied community benefits fund linked to DTLA megaproject faces scrutiny

Huizar-tied community benefits fund linked to DTLA megaproject faces scrutiny
California State Senator Scott Wiener and Construction Trades Council President Robbie Hunter

Construction union pulls “anti-Semitic” Scott Wiener attack ad

Construction union pulls “anti-Semitic” Scott Wiener attack ad
Federal authorities charged developer Serena Shi in an alleged $20 million EB-5 scam

Coachella condo project at center of $20M alleged EB-5 fraud

Coachella condo project at center of $20M alleged EB-5 fraud
California State Senator Scott Wiener

Coronavirus could hurt LA’s density push

Coronavirus could hurt LA’s density push
arrow_forward_ios

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

Loading...