Los Angeles Housing Crisis: Strategies for Increased Density and Supply
Los Angeles is facing a housing crisis with apartment vacancy rates falling below 1%, according to city officials. Mayor Tom Bradley and the ad-hoc Committee on Housing are proposing smaller, denser units to increase availability for moderate-income families, while reducing permit processing times to stimulate construction.
How is Los Angeles addressing the housing shortage?
The city is focusing on density and unit size to combat limited availability. J. Howard Edgerton, chairman of Mayor Bradley’s ad-hoc Committee on Housing, stated in a committee report that building smaller units and increasing density could reduce high land costs.
Edgerton also noted that the committee is looking at options regarding zoning regulations. These changes aim to make it more feasible for developers to build in a market where very little construction is currently happening.
Why is the city prioritizing smaller housing units?
Mayor Tom Bradley emphasized that the city must go smaller to build more housing specifically for moderate-income families. By reducing the footprint of individual units, the city intends to increase the total number of available homes.
This strategy is a direct response to the current vacancy rate, which officials report is now less than 1%. The administration believes that increasing density is the most viable path to addressing this shortage.
What could happen next for LA housing?
The city may see an increase in construction projects if the reduction in permit processing time successfully incentivizes developers. A shift in zoning regulations could lead to a rise in multi-family dwellings with smaller footprints.
If these strategies are implemented, the vacancy rate may slowly rise as new units enter the market. However, the success of these measures likely depends on whether developers adopt the committee’s recommendations for denser building.
Frequently Asked Questions
What is the current apartment vacancy rate in Los Angeles?
According to the press conference, the current vacancy rate for apartments is less than 1%.
Who is leading the effort to report on housing issues?
J. Howard Edgerton serves as the chairman of Mayor Bradley’s ad-hoc Committee on Housing.
How has the city changed the permit process to help construction?
Mayor Tom Bradley noted that the city cut permit processing time from 18 months to 9 months.
Do you think smaller, denser housing is the right solution for urban growth?