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