First Milestone for Affordable Housing Value Capture Policy

Friends:

I wanted to share a few milestones in our march toward establishing guidelines for the first-ever comprehensive affordable housing policy in the City of Los Angeles.

As you know, I have been aggressively pursuing a value capture policy in particular. In September, I introduced a motion that would require developers to build low-income units or pay into the city's Affordable Housing Trust Fund in exchange for zoning changes, variances or other exceptions that increase the value of the project. The motion moved through the Council’s Planning and Land Use Management Committee this week, and is now pending a hearing in the Housing Committee.

O’FARRELL INTRODUCES RESOLUTION IN SUPPORT OF SENATOR LARA’S SB 524

CITY HALL -- Los Angeles City Councilmember Mitch O’Farrell introduced a resolution Wednesday that supports SB 524, which seeks to regulate the industry of residential programs that claim to help “troubled” youth, including those who are lesbian, gay, bisexual or transgender.

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