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Hermosa Beach planning panel recommends exempting tiniest downtown parcels from land value recapture and temporary fee cut for small projects
Summary
After public comment and debate, the Planning Commission unanimously recommended that city council exempt lots that can only accommodate one or two units from the land value recapture fee, direct staff to study zoning incentives for small-lot residential development, and approve a temporary fee reduction for 3 4-unit small-lot projects.
Hermosa Beach
The Planning Commission voted unanimously on Nov. 18 to recommend that the City Council exempt the smallest downtown parcels (those that can only yield one to two dwelling units under current density rules) from the city's Land Value Recapture (LVR) fee, direct staff to explore zoning changes to encourage small-lot residential development, and pursue a temporary fee reduction for 3- and 4-unit small-lot projects.
Staff background: Director Lisonbee Becker explained the LVR ordinance was adopted by the council on Jan. 23, 2024 and became effective Aug. 1, 2024 after housing element certification. Under the ordinance, properties in the housing element overlay that redevelop into residential or mixed-use projects must either provide on-site affordable units or pay an LVR fee; council set a two-tier fee structure to incentivize on-site affordability: $76 per square foot for tier-1 small lots (1-4 units) and $104 per square foot for…
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