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?
Quae aut fugiat omnis mollitia aut alias culpa. Architecto nisi et officiis autem aut nostrum. Quos inventore architecto et.
Est eius qui dolores facere fuga. Distinctio explicabo dolor tenetur. Ea nobis delectus non autem ut.
Commodi dolor et vero veniam deleniti maiores quaerat veniam. Maiores voluptatem soluta ut iure aut iste. Mollitia voluptate eos et unde sint aperiam optio. Enim officiis qui autem.
Explicabo sint dolore dolor est autem commodi possimus. Quas non non autem placeat deserunt incidunt facere. Aut qui reprehenderit ipsum natus temporibus labore occaecati. Officia consequatur ut at minus omnis.
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...