Santa Monica has failed to meet its own affordable housing goals for the third consecutive year, building less than half of the aimed for affordable units.

According to a report on Propositions R and I presented to the city last week, only 13 percent of the residences built last year were considered affordable. The City Charter requires 30 percent of new construction be affordable but developers have failed to meet that measurement for several years.

The annual report measures the number of housing units completed, in construction and approved in a given year. While the charter only governs units completed, staff said the additional data shows what’s likely to happen down the line and helps account for the uneven pace of construction over the years.

This year 100 residences were completed (13 affordable/13 percent), 586 units were under construction (118 affordable/20 percent) and 386 were approved (70 affordable/18 percent). In total the 16/17 year tracked 1,072 units (201 affordable/19 percent).

Read More: http://smdp.com/less-than-half-of-new-units-meeting-city-affordability-rules/166151