City Planning Commission recommends adopting new affordable housing linkage fee ordinance affecting new development, project budgets and property owners.
A number of new fees, taxes and restrictions on development have been proposed within the City of Los Angeles in recent months, which have the potential to significantly impact new development, project budgets and property owners in the region. One of the major proposals currently under the City Planning Commission's review is a new Affordable Housing Linkage Fee ordinance. Mayor Eric Garcetti originally introduced the linkage fee concept in October 2015 as part of a comprehensive set of new fees and regulations to help fund affordable housing in the City. Los Angeles is among the country’s least affordable cities to live in, and the Mayor has announced a range of strategies to tackle this issue, with the goal of building 100,000 new housing units by 2021, including 15,000 new affordable units.
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