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City Council delays vote on CRA waiver for Bunker Hill parcels after wide-ranging debate on affordable housing
Summary
The Los Angeles City Council on June 6 continued consideration of a Community Redevelopment Agency request to waive the agency's adopted housing set-aside policy for two Bunker Hill parcels until June 27 after a heated debate about where affordable housing dollars should be directed.
The Los Angeles City Council on June 6 voted to continue action on a Community Redevelopment Agency (CRA) request to waive the agency's adopted affordable-housing policy for two agency-owned parcels on Bunker Hill, setting the matter for further consideration on June 27.
The waiver would allow market-rate development on two downtown parcels without the CRA's usual on-site affordable set-aside, and would instead redirect proceeds from the sale or lease of the parcels to affordable-housing and economic-development projects in Council District 9 south of the Santa Monica Freeway, CRA representative Don Spivak told the council. Spivak said the agency's analysis showed the parcels would generate about $7 million in revenue if developed at market rate, while enforcing the housing policy on those sites would create a subsidy gap of roughly $6 million to $7 million.
The debate split council members. Councilmember…
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