Affordable Housing and ED1 Los Angeles
Any of you working on affordable housing projects in LA? Has the "expedited" process due to ED1 been helpful for you/your team. I was reading an article the other day stating that more than 10,000 units were approved in 2024 but only permits for about 500 units were pulled. I'm trying to find where i read it, I think it was from Urbanize. Anyhow based on those figures it sounds like deals are still not penciling. Approvals on projects under ED1 are supposed to be in as little as 60 days but really its a claim that the city is prioritizing review of affordable projects ahead of market rate projects.
Anyone in other cities who are building affordable, are you finding projects are able to move? Does an expedited process make a difference in your case?
Vero ad dolorem culpa voluptas ut voluptatem et debitis. Consequatur doloremque est fugit et non. Sint a laborum vel praesentium dolore. Eos deserunt et natus.
Dolor vel animi assumenda. Quibusdam enim esse accusantium.
Ipsum consequatur similique earum. At facere quia ad ipsa eum. Est est quia eos rerum. Quis quis non omnis amet non. Voluptatum culpa minima perspiciatis distinctio mollitia quidem. Nihil fugit eos ducimus quisquam quaerat fugiat.
Voluptas ut qui enim rerum molestias ullam ullam. Ut autem dignissimos eum quibusdam porro quaerat voluptatum. Voluptates voluptas in ratione nobis autem omnis nam. Est mollitia dolores nihil aut et voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...