Los Angeles Officials Propose Apartment Incentives To Address Overcrowding

CoStar   |   Jack Witthaus

Posted In — News & Press | In the News

A proposed Los Angeles law aims to incentivize developers to build bigger apartment units as policymakers seek to address a worsening housing crisis in the nation’s second-biggest city.

Los Angeles city officials have written a motion to implement a new density bonus to create third, fourth and fifth bedrooms at planned projects and make them available to households earning 120% of the area median income, according to city documents. Officials drafted the motion in response to an overcrowding problem that affects nearly one-fifth of Los Angeles rental units, according to the city.

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