Southern California Real Estate Report

Southern California Real Estate Report


Inclusionary Housing Requirement

February 13, 2020

Today on the Southern California Real Estate Report we talk about the inclusionary housing requirement the City just voted on.


Multi Family developers are having to build more low income housing, clarifying the gray areas that once held up developers.


The down side is that the fees are high if you don’t build the housing required.


New inclusionary law requires 10% of units affordable to family making 60% of the median income


The median income in $86,000 for a family of 4

T

he new fee structure is nearly double the old one for developers