1 Day
Source:
Los Angeles Times
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California law to boost condo building
A new California law, effective in July, will require cities to permit taller apartment and condo developments near major transit stops, potentially allowing for over one million new housing units in urban areas. The law preempts local regulations, enabling up to nine-story buildings near heavy-rail lines and up to eight stories near light-rail and bus routes, with Los Angeles expected to be significantly affected due to its numerous transit stations. While developers see the law as a way to accelerate housing production, some cities, including Los Angeles, are delaying full implementation and exploring modifications, citing concerns over local control and other taxes that may hinder development.
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