All posts tagged: Ballot Measure

Transit Oriented Communities Affordable Housing Incentive Program

On Friday, September 22, the Transit Oriented Communities Affordable Housing Incentive Program (TOC) – implemented by Measure JJJ last November – became effective. This has been a project I have worked on for most of this year and it has been very exciting to see it become a reality. With the rising housing costs in Los Angeles, it has been crucial to develop initiatives that spur more residential housing development. This program can be viewed as a super Density Bonus, which is an ordinance that allows for increased density in exchange for the provision of affordable housing. Affordability is defined as 30% (very low), 50% (low), and 80% (moderate) of the area median income. Though the program is limited to a half-mile radius around Major Transit Stops, as defined by the California State Public Resources Code Section 21064.3, many developers are excited because this new program allows for the possibility of a density increase up to 80% off the base zoning, along with a variety of incentives such as reduction in parking and increase in …

Los Angeles – No to Measure S

Dear Friends in the City of Los Angeles, For those of you who are residents and are able to vote, there is a ballot measure to take an important stand against in next week’s local elections: Measure S. L.A. Times, Governor Brown, Mayor Garcetti, and many others have came out against this measure, (here, here, here, here, here, here, here, and here) which will basically prohibit development in the City for the next two years and make it extremely difficult in the years after (to be explained below). For those of you that don’t know, the City of Los Angeles like the rest of California, is in the midst of a housing crisis. With a vacancy rate hovering around 2%, the supply of housing is extremely tight and housing costs are skyrocketing. What most people don’t realize is that at around $56,000, the median wage in Los Angeles is actually not that high, yet average home sale prices have now soared above half a million. That is lunacy. Renters are also suffering, with many paying more than 30% of …