Christina Chan looks at the effect of L.A.'s Small Lot Subdivision Ordinance of 2005, which opened the doors for a new style of housing somewhere in between single-family homes and condos.
"These hybrid homes provide an alternative to condominium or apartment living that is still more affordable than single-family residences in the same neighborhood. Instead of the homeowner association dues that come with condominium ownership, small lot buyers have the benefit of fee-simple ownership in exchange for adherence to restrictions that typically prohibit owners from painting their home a particular color, for instance, or significantly altering the building's exterior. The upshot is changing the residential face of LA-and offering a rare dose of optimism for the city's developers and architects."
Read the full story: Small Lots, Big Deal
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