Affordable Housing Measure Passes In The State Assembly

Sacramento Capitol
California's Capitol In Sacramento.

A measure that would force developers statewide to include more affordable housing in their developments passed the state Assembly Thursday.

Assemblyman Richard Bloom (D-Santa Monica) sponsored the bill, which comes at a time when housing costs are skyrocketing statewide, the LA Times reports.

Under the bill, cities could create policies requiring developers to set aside a percentage of their projects for affordable housing or be forced to pay a fee.

Assemblyman Matthew Harper (R-Huntington Beach) argued Bloom's bill would raise costs for developers.

The measure was in response to a lawsuit filed eight years ago by developer Geoff Palmer that claimed LA's housing policy, which included affordable housing, was in violation of his and other builders' constitutional rights.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

Housing Completions Close To 40,000 As LDA Adds Major Site And CEO Departs

Capital Flooded Into Bay Area Apartments. Then Treasury Yields Spiked

Epicenter Landcorp Buys Culver City Flex Industrial Building For $11M

South Jersey Affordable Housing Developers Blame State 'Overregulation' For Constricted Supply

Ireland's Top Resi Developers Plead For Stability After Regulation Roulette

Hollywood's Yamashiro Complex Gets $25M Refinance: The Los Angeles Deal Sheet

Treasury Introduces Rule Blocking Big Investors From Bulk-Buying Homes

Achmea Real Estate Acquires 131 Rental Apartments For BPL Pension Fund

COPA Passes City Council, Heads To Mamdani's Desk

Lender Wants Blackstone, Hudson Pacific To Sell Vacant Sun Valley Studio

Faring Proposes Office, Retail Project On Sunset Strip Car Dealership Site

LA Developers Eye 2029 Groundbreakings As High Costs Stall New Projects