City Council will temporarily prevent developers from including affordable housing intended for extremely low-income households to increase the number of affordable units in the city overall.
The City of Santa Monica requires developers to include affordable units in their projects or pay into an affordable housing fund. Current rules have incentivized developers to include the smallest number of affordable units possible, preventing Santa Monica from reaching its affordable housing goals. Council will vote to alter those rules at its meeting Tuesday.
Read More: https://www.smdp.com/council-to-debate-building-more/173675