LA’s 17.8% resi progress lags state-mandated production as clock ticks

Housing development planning within the City of Los Angeles is 17.8 percent of a state-mandated goal that is now past its halfway mark – and local developers are disappointed but not surprised by the lag. The comparison is based on data compiled for the Regional Housing Needs Assessment – also referred to as the “housing element” – ordered by the California Department of Housing and Community Development for all municipalities and other localities throughout California. It is a period cycle instituted by the state to spur residential development and construction. The current cycle runs from Oct. 15, 2021 to Oct. […]This article originally appeared on The Real Deal. Click here to read the full story.