Attn LA: State bill would boost affordable housing near transit stations

SB 961 would be in addition to the city's Transit-Oriented Communities program

Los Angeles /
May.May 15, 2018 09:11 AM
Senator Ben Allen (Credit: sd26.senate.ca.gov, David Guo via Flickr)

To address the severe housing shortage in California — and Los Angeles in particular — state and local lawmakers have spent the last couple of years introducing legislation meant to encourage affordable residential development.

The latest version: A state Senate bill to boost affordable housing construction near train and bus stations.

Senate Bill 961 has cleared two committees without a single no-vote, according to Curbed.

The legislation, drafted by Sen. Ben Allen (D-Santa Monica), would allow local governments like Los Angeles to spend tax money generated within a half-mile of major transit stops mostly on building or repairing low-income housing developments within that area. Major transit stops include Metro stations and rapid, high frequency bus service.

As drafted, at least 40 percent of the money allocated through the initiative would have to go toward constructing or renovating housing for households with income below 60 percent of area median income. Half of the money would have to go toward housing for households below 30 percent of AMI or permanent supportive housing for homeless Angelenos.

The remaining amount could fund a handful of capital improvements outlined in the legislation, including transit stations, pedestrian and bike facilities, parks and “greening improvements” along streets, and programs to reduce greenhouse gas emissions.

The measure is in addition to a number of local initiatives already adopted to add affordable units to L.A.’s dwindling stock.

That includes, most notably, the city’s Transit-Oriented Communities program, rolled out last September, which provides incentives to developers to build affordable housing, also within a half-mile of major transit stops.

Despite the efforts, the city is still playing catch up.

Officials determined last week that L.A. was on track to fall 4,000 units short of its goal to build 10,000 housing units for low-income and homeless residents over the next 10 years.  [Curbed] — Dennis Lynch 


Related Articles

arrow_forward_ios
Photo Illustration of California Governor Gavin Newsom (Getty)
State approves $100M to boost marijuana retailers
State approves $100M to boost marijuana retailers
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
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
The bill would allow developers to build homes on commercial sites. (Getty)
California wants to convert empty malls into housing
California wants to convert empty malls into housing
Small Business Administration administrator Isabel Guzman (Getty, iStock)
Starved for relief: Restaurants seek $76B, far more than budgeted
Starved for relief: Restaurants seek $76B, far more than budgeted
California Governor Gavin Newsom. (Getty)
California to speed up environmental reviews for resi projects
California to speed up environmental reviews for resi projects
J.H. Snyder partner Lon Snyder with One Museum Square. (J. H. Snyder, One Museum Square)
JH Snyder lands $172M loan on new luxury rental tower
JH Snyder lands $172M loan on new luxury rental tower
arrow_forward_ios

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

Loading...