May 21, 2024 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Los Angeles County Increases Affordable Housing Requirements in Marina del Rey

Developers Mandated to Allocate Residential Units for Lower-Income Households

Marina del Rey developers embarking on new housing projects or substantial renovations will be required to allocate a higher proportion of affordable units in their buildings, as reported by Urbanize LA. This new rule is one passed by the Los Angeles Board of Supervisors in a recent vote. 

The Board of Supervisors endorsed an amendment to the Marina del Rey affordable housing policy on October 17, which mandated that developers seeking approvals for significant refurbishments of existing apartment complexes set aside units for lower-income households in future projects. This stipulation applies to new leases or upcoming development endeavors, exempting entities presently leasing land in Marina from Los Angeles County. If those who already have a lease in the Marina seek discretionary entitlements subject to County approval, they may become subject to the revised policy.

Under the new policy, “substantial rehabilitation” is defined as major renovations or replacements of structural, electrical, plumbing, and mechanical systems necessitating the three or more tenants from a rental unit leaving the unit for a minimum of 15 days. Cosmetic improvements, such as painting or rehabilitation mandated by government code, do not fall under this provision.

Originally, the motion proposed an increase in on-site affordable housing in eligible projects from 15 to 20 percent; the final decision surpasses this target by requiring that 30 percent of all residential units in newly constructed and rehabilitated projects be designated for below-market rates. Within the category of restricted affordable units, two-thirds are allocated to very low-income households, while the remaining third caters to a mix of low- and moderate-income households. Notably, this 30 percent requirement exceeds those in place in other coastal jurisdictions within Los Angeles, such as Santa Monica, where the affordability mandate ranges between 20 and 25 percent in its Downtown Community Plan area. 

Additionally, it surpasses the inclusionary housing requirements set out in the new Downtown Community Plans, which range from 8 percent to 16 percent based on income levels.

The updated affordable housing policy also introduces the condition that covenanted affordable units in Marina del Rey should be distributed according to a centralized waiting list maintained by the L.A. County Development Authority. The revision incorporates procedures and regulations for addressing the replacement of existing housing lost to redevelopment. A staff report presented to the Board of Supervisors anticipates reduced rent revenue for the County in the future as market-rate units transition into affordable units. Consequently, the County might need to provide compensation to lessees to maintain the economic feasibility of leases in the form of subsidies or credits.

This adjustment to the Marina del Rey affordable housing policy coincides with the County’s efforts to reshape the community’s vision statement while simultaneously attracting new affordable housing developments to the remaining parking lots surrounding the waterfront.

Related Posts

LA Pride 2024 Announces George Takei, Cassandro, and Kristin Crowley as Grand Marshals

May 21, 2024

May 21, 2024

Celebrate “Power in Pride” with live broadcasts, a block party, and special events This year’s LA Pride Parade will celebrate...

Target Slashes Prices on 5,000 Everyday Items for Summer Savings

May 21, 2024

May 21, 2024

Consumers to Enjoy Reduced Prices on Essentials Starting Now Target Corporation announced on Monday it will lower the everyday regular...

Check Out Local Library Events and Weekly Reading Programs For This Week

May 21, 2024

May 21, 2024

Brentwood, Palisades, and West Los Angeles Libraries Are Ready for Summer As summer approaches, local libraries are gearing up for...

Los Angeles County Rent Relief Program Opens Second Round of Applications

May 20, 2024

May 20, 2024

Applications Accepted Until June 4, Funding and Support Have Been Increased  The Los Angeles County Rent Relief Program (LARRP) has...

Detectives Seek Public’s Help to Locate Attilio Brillembourg, Stepfather of Greek Princess

May 20, 2024

May 20, 2024

Stepfather of Princess Tatiana of Greece is Missing in Malibu Detectives from the Los Angeles County Sheriff’s Department are seeking...

Culver City Council to Review Parking Rates, Proclaims May Heritage Months

May 19, 2024

May 19, 2024

Gender-Neutral Restrooms Ordinance and City Proclamations Announced On Monday, the City Council of Culver City unanimously agreed to revisit new...

Hepatitis A Case Reported in Beverly Hills Whole Foods Employee

May 19, 2024

May 19, 2024

Health Officials Advise Vaccination for Seafood Customers  The Los Angeles County Department of Public Health is investigating a hepatitis A...

Assault Suspect Arrested After High-Speed, Wrong Way Chase on 405 Freeway

May 19, 2024

May 19, 2024

Erratic Driver Rams Police Car, Causes Multiple Collisions During Pursuit An erratic driver suspected of assault with a deadly weapon...

Mayor Bass Orders Increased Police Presence on LA Metro After Surge in Violence

May 17, 2024

May 17, 2024

A Shocking Murder Was Committed on a Metro Bus After Announcement Mayor Karen Bass has directed an increase in law...

Inaugural Design Miami.LA Fair Opens in Holmby Hills

May 17, 2024

May 17, 2024

Exclusive Access and Dynamic Talks From May 16-20 The inaugural edition of Design Miami.LA opened yesterday, running until May 20,...

(Video) Design Miami LA Is Now Open in Holmby Hills

May 17, 2024

May 17, 2024

Sainte Marguerite en Provence Is the exclusive rosé sponsor. Welcome to the Greenhouse. @culvercitywlanews Design Miami LA Is Now Open...

Shock-A-Go-Go Film Festival Returns to Lumiere Cinema in Beverly Hills

May 17, 2024

May 17, 2024

A Weekend of Horror, and Cult Classics With Exclusive Q&A Sessions The Shock-A-Go-Go Film Festival is set to return to...

Devastating Fire Closes Historic Westwood Restaurant, Causing Serious Damage

May 16, 2024

May 16, 2024

Roozbeh Farahanipour Launches GoFundMe to Restore Cultural Tribute The Persian Gulf Restaurant and Museum in Westwood has sustained serious damage...

Culver City Police Seek Help in Identifying Elderly Woman Found Near Hospital

May 16, 2024

May 16, 2024

Urgent Assistance Needed to Locate Family of Disoriented Woman Culver City Police are urgently seeking the public’s assistance in identifying...