More than 40% of the developable land in Los Angeles could be eligible for homebuilding at a greater density under high-profile legislation working its way through the Capitol, according to a new city analysis.
In Los Angeles, the bill would likely have the biggest impact in neighborhoods with only single-family homes and other lower-density areas within a half-mile of Los Angeles Metro Stations, the report said, including about 6% of the single-family zoned parcels citywide. Significant increases in allowable height and density under the bill could create greater incentive to build in those locations.
The bill could also push development into wealthier communities far from rail stops under a provision that would require some communities to allow small apartment construction in areas close to high-paying jobs. Developers can’t take advantage of the bill’s increased density provisions on properties where tenants have lived for at least seven years, and the legislation requires projects larger than 10 units to set aside a portion for low-income residents. It also allows communities at risk of gentrification to delay implementation of the bill for five years so that they can create alternative plans to increase density.
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