November 24, 2024 5:24 am
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Los Angeles builders say new affordable-housing rules will stifle construction

housing AFFORDABLE

By Chris Kirkham | The Wall Street Journal

LOS ANGELES—This city became the latest major U.S. municipality to require that developers include affordable housing in new projects—a move hailed by advocates, but one that builders say could crimp the supply of homes in the nation’s second-largest housing market.

Policy makers in cities around the U.S. are turning to so-called inclusionary zoning programs to ensure developers set aside housing units for residents who couldn’t otherwise afford to live there.

Continued: 

Related: L.A. developers grapple with affordable housing measure passed by a wide margin

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