L.A. to implement new fee maps for developers
Los Angeles builders, take note: the city has tweaked its fees for apartments and commercial buildings by redrawing neighborhood maps into smaller zones. The City of Los Angeles will implement the revised fee charged to developers, known as Affordable Housing Linkage Fee, on Friday, Realtor.com reported. Its new neighborhood maps approved last month replace the broader Community Plan Area boundaries used since the fee was launched in 2017. The linkage fee charges developers of new residential and commercial projects and funnels the money into affordable housing construction citywide. The rate varies by project type and by which market area the […]This article originally appeared on The Real Deal. Click here to read the full story.
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