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
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