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
Harry Sidhu, Mayor of Anaheim (Getty Images)
Feds probe Anaheim mayor over Angel Stadium sale
Feds probe Anaheim mayor over Angel Stadium sale
 1933 South Broadway (Loopnet, iStock)
Ara Tavitian scores $150M refi on The Reef in DTLA
Ara Tavitian scores $150M refi on The Reef in DTLA
East End Capital's Jonathon Yormak and David Peretz and the southeastern corner of South Alameda Street and 6th Street (East End, Google Maps)
East End Capital plans second studio complex in Arts District
East End Capital plans second studio complex in Arts District
Dollinger Properties' Dave Dollinger and Plaza at Golden Valley mall (Crexi, Getty Images)
$54M for Santa Clarita retail center
$54M for Santa Clarita retail center
1633 Victory Boulevard, Glendale and Senior Planner at City of Glendale Dennis Joe (Google Maps, LinkedIn)
New owner wants to enlarge controversial Glendale hotel project
New owner wants to enlarge controversial Glendale hotel project
80 South Street (Wikipedia)
Oceanwide Plaza in DTLA last U.S. project standing for China-based developer
Oceanwide Plaza in DTLA last U.S. project standing for China-based developer
Los Angeles mayoral candidates: Rick Caruso, Karen Bass and Kevin de Leon (Wikimedia, Rick Caruso, iStock)
Real estate industry all over LA mayoral money game
Real estate industry all over LA mayoral money game
Anaheim Angels owner Arte Moreno and rendering of new stadium site (SRB Management, Getty Images)
City cuts new affordable housing deal with Moreno on Angel Stadium sale
City cuts new affordable housing deal with Moreno on Angel Stadium sale
arrow_forward_ios

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

Loading...