Developer Forrest Linebarger stands in a plot of land he plans to develop into senior housing in Los Altos Hills , Calif., on Thursday, June 8, 2023. For over a decade, developer Forrest Linebarger has tried to build new multifamily housing on two half-acre parcels in Los Altos Hills . The city has done all it can to stop him.
Ask any housing advocate, developer or land use planner as to why no builder’s remedy projects have been yet approved, and they’ll tell you the answer is the same as why California hasn’t produced enough housing: cities aren’t giving up local control without a fight. At stake, they say, is the character of their communities. Some of the strongest opposition has come from the region’s wealthiest and Whitest enclaves.
One of the first to try out the builder’s remedy was Cedar Street Partners, which applied to build affordable housing in the affluent Southern California city of La Cañada Flintridge. The city rejected the application, asserting that the builder’s remedy didn’t apply there because it had “self-certified” its housing element.
A group of California lawmakers wants to make sure that second era is short-lived. Assemblymember Buffy Wicks, an Oakland Democrat,As a perk to developers, the bill would reduce the number of affordable units that builder’s remedy projects must set aside, to 10% from 20%, making it easier for a project to pencil out financially.
Beyond the economic headwinds they face, housing developers say that behind the scenes they are using the builder’s remedy to gain leverage over cities, threatening mega-projects to broker deals for scaled-down projects. By taking away developers’ ability to propose large projects, the state could take away a powerful bargaining chip, some developers say.
Developer Housing Multifamily Los Altos Hills Builder's Remedy Affordable Rates
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: 9NEWS - 🏆 238. / 63 Read more »
Source: 9NEWS - 🏆 238. / 63 Read more »
Source: sdut - 🏆 5. / 95 Read more »
Source: sdut - 🏆 5. / 95 Read more »
Source: denverpost - 🏆 13. / 72 Read more »
Source: latimes - 🏆 11. / 82 Read more »