Search results
Results from the WOW.Com Content Network
The new ordinance will provide developers incentives to build both market rate and affordable units. It represents Los Angeles' main strategy to meet state housing goals that require the city to ...
A strong majority of Los Angeles voters support building more housing ... income-restricted affordable housing generally and apartments for veterans, public service workers, low-income seniors and ...
The city of Los Angeles will pay nearly $40 million for misusing federal housing grants when it created affordable housing that was not accessible to people with disabilities, according to an ...
The Affordable Housing and High Road Jobs Act of 2022 (AB 2011) is a California statute which allows for a CEQA-exempt, ministerial, by-right approval for affordable housing on commercially zoned lands, and also allows such approvals for mixed-income housing along commercial corridors, provided that such housing projects satisfy specific criteria of affordability, labor, and environment and ...
The project will include retail and 2 million square feet of office space, and 2,402 total units of housing. Half of those units, or 1,201, will be designated as below-market rate housing for low and very low-income residents. [9] The project was approved on September 21, 2018 for streamlining under SB 35.
The routine yearly increases district-wide, along with any increase in site value from the public and private investment, generate an increase in tax revenues. This is the "tax increment." Tax increment financing dedicates tax increments within a certain defined district to finance the debt that is issued to pay for the project.
More than half a dozen affordable housing projects in California are costing more than $1 million per apartment to build, a record-breaking sum that makes it harder to house the growing numbers of ...
A Los Angeles Times columnist said lawmakers from the greater Los Angeles area delegation were responsible for the demise of Senate Bill 50, and that the fight "had nothing to do with partisan politics" but instead was "all about geography" [47] while a Curbed columnist said opposition from a statewide coalition of affordable housing advocacy ...