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Based on community concerns and arguably its popular use, the City of Los Angeles is introducing a set of motions to revise the popular Density Bonus law. At the State level, Assembly member Adrin Nazarian introduced AB 2222, legislation that intends to increase the affordability timeframe requirement from 30 years to 55 years and will prohibit applicants from receiving a density bonus for a proposed development if the existing development has affordable units, unless the applicant will maintain such units in the proposed development.
At the City level, a motion was introduced for the Planning Department that would require more stringent enforcement of the requirement to provide a pro forma and third-party analysis of the pro forma by a financial real estate expert that is pre-qualified by the City. Also at the City level, a motion was introduced for the Housing Department for an explanation of their policies and an audit of the SB1818 units that have been constructed.
AB 2222 information: Read More >
Planning motion: Read PDF >
Housing motion: Read PDF >