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

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
Continuum CEO Mark Falcone and a rendering of the project (EYRC Architects via Urbanize)

Continuum Partners, Platinum Equities plan Arts District office tower

Continuum Partners, Platinum Equities plan Arts District office tower
Rendering of 577-unit District Square project in South L.A. (Los Angeles Department of City Planning, iStock)

Judge orders LA to reconsider Charles Co.’s District Square project

Judge orders LA to reconsider Charles Co.’s District Square project
Jeffrey Jaeger and the Villa Raymond Apartments (Google Maps)

Standard Companies buys Pasadena senior housing, plans fix-up

Standard Companies buys Pasadena senior housing, plans fix-up
Forme Development President Damon Chan and rendering of 550 Shatto Place (Forme, Gensler via Urbanize)

Going up: Koreatown tower project developers boost plans

Going up: Koreatown tower project developers boost plans
Herb Wesson (top) and Curren Price with a rendering of 3800 W 6th Street (Linkedin, Twitter, Large Arch)

LA officials backtrack on aid for Koreatown hotel project

LA officials backtrack on aid for Koreatown hotel project
Richard Llewellyn and Ron Galperin (City of LA, Wikimedia)

LA’s ballooning budget shortfall could require property selloff

LA’s ballooning budget shortfall could require property selloff
Weingart towers

LA approves $200M in bonds for affordable housing projects

LA approves $200M in bonds for affordable housing projects
The development site for the planned 207-unit complex (Credit: Google Maps)

Mapleton Properties plans 207-unit complex in Palms

Mapleton Properties plans 207-unit complex in Palms
arrow_forward_ios

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

Loading...