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Gibson Dunn | California's AB 2345 Expands and Enhances Density Bonus Law Development Incentives - Vimarsana News

Gibson Dunn | California's AB 2345 Expands and Enhances Density Bonus Law Development Incentives

January 26, 2021 For more than forty years, California’s Density Bonus Law (Government Code Section  65915 et seq.) has been a mechanism to encourage developers to incorporate affordable units within a residential project in exchange for density bonuses and relief from other base development standards. Effective as of January 1, 2021, Assembly Bill 2345 (“AB 2345”) amends the Density Bonus Law to expand and enhance development incentives for projects with affordable and senior housing components. AB 2345 is modeled after the City of San Diego’s Affordable Homes Bonus Program, and...

Big Bamboozle #2 – How LA Hopes to Extend a Real Estate Boom and Hold off its Eventual Bust - Vimarsana News

Big Bamboozle #2 – How LA Hopes to Extend a Real Estate Boom and Hold off its Eventual Bust

Big Bamboozle #2 – How LA Hopes to Extend a Real Estate Boom and Hold off its Eventual Bust Details big bamboozle, a cavalier exercise to reverse engineer zone changes that further enrich real estate speculators already profiting from a housing boom.  It only took a week for hard evidence to appear that confirms this analysis. It is tucked away in the Notice of Preparation (NOP) and supportive Initial Study for the Housing Element’s Environmental Impact Review (EIR). While few people have the time to examine these documents, they reveal that that City Hall’s...

Encinitas' first farm-themed housing community wins approval - Vimarsana News

Encinitas' first farm-themed housing community wins approval

“My first impression of this project is it’s really kind of brilliant,” Commissioner Kevin Doyle said. Commission Chairman Bruce Ehlers compared the project to the city’s iconic, historic Olivenhain Meeting Hall, saying it “has the possibility to be a defining location in the community for 50 years or more.” Commissioner Brett Farrow said it was “something we’ve all been seeking” and praised it for being a homegrown idea put forward by two Encinitas residents. Commissioner Susan Sherod said it would “set the bar” for any others that come forward next, and Commissioner ...

Encinitas Council approves changes to density bonuses for housing projects [The San Diego Union-Tribune] - Vimarsana News

Encinitas Council approves changes to density bonuses for housing projects [The San Diego Union-Tribune]

Encinitas Council approves changes to density bonuses for housing projects [The San Diego Union-Tribune] The Encinitas City Council gave final approval Wednesday to new rules for higher-density housing projects that receive special city building code exemptions under a state law. The state’s Density Bonus Law, which was initially enacted in the 1970s and has undergone repeated revisions in recent years, aims to encourage the construction of low-income housing by allowing developers to put more homes than would normally be allowed on a given lot, if they agree to designate some of their prop...

Encinitas Council approves changes to density bonuses for housing projects - Vimarsana News

Encinitas Council approves changes to density bonuses for housing projects

Print The Encinitas City Council gave final approval Wednesday to new rules for higher-density housing projects that receive special city building code exemptions under a state law. The state’s Density Bonus Law, which was initially enacted in the 1970s and has undergone repeated revisions in recent years, aims to encourage the construction of low-income housing by allowing developers to put more homes than would normally be allowed on a given lot, if they agree to designate some of their proposed housing for low-income families. Proponents say the law helps create much-needed, lower-cost ...