The city of Los Angeles is taking substantive action to provide incentives for affordable housing development.
"After six months of revisions and deliberations, the Los Angeles Department of City Planning has released its official Transit Oriented Communities guidelines," reports Steven Sharp.
The guidelines will provide incentives in exchange for affordable housing, including additional bonus floor area and reduced parking requirements. Additional incentives are also available for paying prevailing wages. Sharp provides tables of the incentives as well as a map of the areas where the new incentive system will be available.
The program is a result of the Build Better L.A. initiative, or Measure JJJ, approved by Los Angeles voters in 2016.
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