LA among hundreds of statewide jurisdictions that fall short of housing goals

The state will require those locations to expedite projects with affordable units

Los Angeles /
Feb.February 02, 2018 09:00 AM
The affordable Pico Housing complex at 2802 Pico Boulevard (Credit: Moore Ruble Yudell)

Los Angeles is among more than 500 California municipalities that have failed to approve adequate housing to meet local needs, according to a new report.

The report by the state Department of Housing and Community Development found that just 13 of 539 local jurisdictions approved enough housing. Those locations will be required to expedite new projects that incorporate affordable units.

In LA, developers can get streamlined approvals for residential projects if they set aside half of the units for low-income residents. The announcement was made Thursday, when Housing and Community Development released its housing progress report, according to the Los Angeles Daily News.

Los Angeles is one of the most expensive places to live in the country, and according to one recent UCLA study, the most unaffordable in terms of the ratio of home prices to household incomes.

(Click to enlarge)

West Hollywood was among the 13 jurisdictions that had sufficient affordable housing.

The median home price across Southern California rose close to 9 percent in November — compared to the same period in 2016 — to an all-time-high of $505,000.

Across California, developers with projects in 378 other jurisdictions can receive streamlined approvals if they set aside a far smaller number of their units than 50 percent, in some cases just 10 percent. That is part of a statewide measure that took effect January 1. The number of units to be set aside depends on the state’s determination of local need.

Part of Senate Bill 35, the legislation was among the 15 bills in a housing package signed into law by Governor Jerry Brown last year, but experts say 2018 could bring even more. — Dennis Lynch


Related Articles

arrow_forward_ios
The State Building and Construction Trades Council president Robbie Hunter (CA Building Trades, iStock)
State could require union labor on all affordable housing projects
State could require union labor on all affordable housing projects
A rendering of La Veranda (Abode Communities)
Affordable projects in Boyle Heights and Winnetka get LA city bond financing
Affordable projects in Boyle Heights and Winnetka get LA city bond financing
Residences at Westgate, The Hudson and Waterford co-founder John Drachman (Waterford Property Company, the CSCDA)
Waterford Property pays $335M for 2 Pasadena rental complexes
Waterford Property pays $335M for 2 Pasadena rental complexes
Downtown Burbank's Transit Oriented Development Specific Plan (Photo via Downtown Burbank TOD/City of Burbank)
Burbank’s downtown specific plan could add thousands of units of housing around its Metrolink station
Burbank’s downtown specific plan could add thousands of units of housing around its Metrolink station
Superintendent Austin Beutner with Normont Elementary School (LAUSD)
LA Unified School District explores affordable housing development for employees
LA Unified School District explores affordable housing development for employees
A rendering of the project with East End Capital managing principals Jonathon Yormak and David Peretz. (Relativity Architects, East End Capital)
East End Capital to convert cold storage into movie studio
East End Capital to convert cold storage into movie studio
(Proper Hotel, Google Maps)
Downtown LA’s Proper Hotel to open in July after years of delays
Downtown LA’s Proper Hotel to open in July after years of delays
(iStock)
LA County is short 500K affordable rental homes
LA County is short 500K affordable rental homes
arrow_forward_ios

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

Loading...