A soon-to-be-voted-on plan to rezone the city of Los Angeles will fall far short of its home-building goal, according to a new analysis from UCLA researchers.
Under state laws designed to remedy a housing shortage, the city has to set aside land for the construction of 250,000 more homes than allowed through existing zoning rules. Measures under consideration by a City Council committee are likely to satisfy the state requirements, the UCLA analysis found. But when analyzing the likelihood of what developers would actually build, researchers found the number of new homes would be far lower, said Shane Phillips, Housing Initiative Project Manager at UCLA’s Lewis Center for Regional Policy Studies.
Read more at the Los Angeles Times.