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Height and density limits would prevent developers from including more affordable housing

11/19/2019 8:55 AM | Margaret Fulton (Administrator)

Requiring developers to deed-restrict a larger share of new housing for low- and moderate-income households would bring development to a halt unless the city of Santa Monica allowed taller and denser buildings along commercial boulevards and around Bergamot Station, according to a recent report.

On Wednesday, the Planning Commission will discuss a study the city commissioned from HR&A Advisors, Inc. on the feasibility of changing the city’s affordable housing requirements to incorporate a wider range of income levels. The study found that it would be cost-prohibitive for developers to set aside 20% of new units for a mix of low- and moderate-income households — as the city council proposed in March — under the city’s current development regulations.

Read More: https://www.smdp.com/height-and-density-limits-would-prevent-developers-from-including-more-affordable-housing-in-new-buildings-study-finds/183096

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