(MENAFNEditorial) LOS ANGELES, CA / ACCESSWIRE / February 26, 2018 / The board of supervisors of the Los Angeles Count approved a motion on Tuesday. The supervisors were requesting the county to outline four regulations whose aim will be to increase and preserve the figure of reasonably priced units of houses in unincorporated places.
One of the projected outlines would need developers to involve a little percentage of inexpensive homes in latest projects. The proposal again requires for regulations to assist in reforming the procedure for developers who would wish to construct additional lasting accommodating housing units. Moreover, the proposal will allow multifamily housing growth in business zones.
According to , one of the supervisors who took part in writing the motion said, these events would, for example, provide quicker and easier means for constructors. Developers will find it easy to change motels into reasonable housing within the specific areas mentioned. Besides, the council of Los Angeles city is also taking into account a comparable measure.
A report from the Regional planning department's that was released recently established out that the county requires 17,000 and above reasonably priced housing units for individuals with low income. Additionally, the supervisors said that the scheme will be of much help in speeding up the construction of inexpensive housing units and maintain those that currently exist for families with low incomes in unincorporated regions.
According to Shekhter, the count faces an intimidating housing predicament. Most families are finding themselves in a mess because of the higher priced housing units hence almost transforming into street families. The proposed outlines will help in strengthening the supervisors' efforts to face the crisis of homelessness. Furthermore, the outlines will help the supervisors to ensure that people are able to maintain their homes by enlarging reasonable housing.
A social justice advocacy organization, The Liberty Hills Foundation's executive Vice president Jenny Delwood stated that the motion was the initial stage toward assisting enlarge and maintain reasonably priced houses within the county. Delwood went ahead to thank the supervisors for considering the progressive and bold motion.
There were several people who attended the motion as well as expressing their concerns toward the outlines that would see the county acquire affordable housing units. They had different views toward the practice of constructing new affordable houses called inclusionary zoning. The president of the Valley Industry and Commerce Association, Mr. Stuart Waldman argued that it will cost the county more money to construct the affordable houses. Additionally, it will still be difficult for the low-income families to afford them.
There are many elements about the actions of the board that can help in boosting the housing supply in the region according to Mr. Waldman. He urged the board to take a lot of caution when thinking about the element of inclusionary zoning. In addition to this, Kathryn Barger, one of the supervisors had the same concerns about the proposal. She claimed that the inclusionary zoning plan would not be able to make houses affordable to low-income families. She voted in support of all other elements in the motion apart from the inclusionary housing plan.
Launching NMS Properties in 1988, assumed the role of CEO in January 1995. The real estate management company focuses on multi-family and mixed-use properties in the Greater Los Angeles area and in Santa Monica. At present, NMS properties manages more than 70 properties.
Over the course of 2017, NMS deployed 40 furnished units in LA County, and plans to triple that number in 2018. The company currently manages some of the its properties while testing a pilot with .
- Founder and CEO of NMS Properties
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SOURCE: NMS Properties, Inc.
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