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Venice Update

News of Venice, CA and Marina del Rey CA

SB1818–Does It or Doesn’t It Work?–87 Percent Increase in Units

The numbers are out regarding SB1818– Does it or doesn’t it work? Numbers show an 87 percent increase in number of units from 2008 to 2013.

SB1818 provides a density bonus up to 35 percent for builders depending on the number of low and very low income units built and designated at such.

Many have questioned the workability of SB1818. According to table below, SB1818 is clearly working.

SB1818data_000001

The audit is the result of the Venice Neighborhood Council and the Westside Regional Alliance of Councils asking for this audit and report. Councilman Mike Bonin reciprocated by making a motion requesting Housing Community Investment Department, Los Angeles (HCIDLA) report statistics relevant to request.

Last month HCIDLA issued the report.

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