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California  + Los Angeles  + Apartments  | 

LA City Council Approves Citywide Rezoning Plan

The Los Angeles City Council on Friday granted final approval to the Citywide Housing Incentive Program, or CHIP Ordinance, a rezoning plan intended to boost housing development along commercial corridors and existing dense residential neighborhoods, according to the Los Angeles Times. The vote was 14-0.

The Times reported the new ordinance will provide developers incentives to build both market-rate and affordable units. It represents LA’s main strategy to meet state housing goals requiring the city to find land for an additional 255,000 homes and caps a years-long process.

Under the CHIP Ordinance, developers may exceed current limits on building if they include a certain percentage of affordable units and the property is near public transit. Projects that are 100% affordable will be eligible for incentives across a wider swath of the city. In both cases, developers can generally only use the incentives for properties in an existing multifamily neighborhood or commercial zone.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).