Affordable Housing and Labor Standards Relations to City Planning
This ordinance would add new wage and affordable housing mandates for any residential project in the City of L.A. over 10 units that would need a general plan amendment or zone change. Studies by the University of California, Berkeley, the California Institute and Habitat for Humanity/San Fernando and Santa Clarita Valley estimate that these requirements could add as much as 23-30 percent to the cost of constructing new housing. The end result being higher rental costs, and higher prices for first-time homebuyers and anyone considering a home purchase in L.A.
Bottomline: The Chamber OPPOSES this measure due to the negative impact costly labor and inclusionary zoning mandates would have on the ability to build residential units, which is counterproductive to solving our housing crisis.