The Department of City Planning is please to release the attached Value Capture ordinance. The ordinance will require affordable housing for certain conditional use permits and public benefit projects that allow for the consideration of density increases over 35%.
A public hearing for the draft ordinance will take place at the City Planning Commission meeting on Thursday, July 13th after 8:30 am in City Hall. The attached documents will also be available on the Department website (planning.lacity.org) under What’s New and Proposed Ordinances.
If you have any questions or comments on this matter, please send them directly to me. Comments submitted prior to the end of the day on June 26th will be considered for the staff recommendation report. Comments submitted after this time should also be directed to the City Planning Commission (cpc@lacity.org).