The Los Angeles City Council approved a comprehensive rezoning plan aimed at increasing housing development within commercial corridors and densely populated residential neighborhoods. The Citywide Housing Incentive Program (CHIP) will incentivize developers to create both market-rate and affordable housing, seeking to address a state requirement for an additional 255,000 homes. Despite initial support for broader development into single-family areas to combat segregation, strong opposition led to a focus on existing multifamily neighborhoods and commercial zones. The unanimous vote came just before a state deadline for a housing plan.
The Los Angeles City Council established the Citywide Housing Incentive Program to promote housing alongside transit, streamlining the development process and fulfilling state mandates.
After lengthy discussions surrounding equity and development, the council's unanimous vote stimulates much-needed housing creation amid pressing state housing goals.
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