CITY OF LOS ANGELES
INCLUSIONARY HOUSING STUDY
Prepared for:
Los Angeles Housing Department
Prepared by:
David Paul Rosen & Associates
September 25, 2002
The study was completed on September 25, 2002, and released to the public on March 21, 2003. For questions regarding the study, briefing requests and other matters please contact Steven Brady at (213) 808-8646.
Briefing Presentation (PDF): Overview of statewide inclusionary practices, key policy issues and report summary.
Supplemental report (PDF) containing: 1) Outline of Program Components; 2) Summary of Program Components; and 3) Inclusionary Housing Implementation Policies, Practices, and Program Administration.
Download the entire report (PDF 18.4MB) or choose from the active
links below: Note: Due to the size of these files, consider
"right clicking" on a link and using "Save Target As" to save the file
to your computer. Executive Summary (PDF 2.9MB) A. Background 1 B. Methodology and Data Sources 2 C. Advisory Committee Review
Process 3 D. Baseline
Development Costs of Housing Prototypes 4 1. Housing
Prototypes 4 E. Estimated Costs of Alternative
Affordability Standards F. Estimated Value of Economic
Incentives G. Comparison of Affordability
Costs and Cost-Savings from Incentives H. Comparison of Affordability
Costs and Cost-Savings from Alternative Compliance Measures I. Residential Building Permit
Activity J. Economic Impact of Alternative
Inclusionary Standards APPENDICES A through F
(PDF 11.1MB) or individually: Appendix A: List of Advisory
Group Members/Participants, Meeting Agendas, Notes LIST OF TABLES TABLE TITLE PAGE 1 Renter Housing Prototype Projects 5 2 Owner Housing Prototype Projects 6 3 Per Square Foot Land Acquisition Cost Assumptions
by Zoning and Prototype 7 4 Per Square Foot Hard Construction Cost Assumptions
by Prototype 8 5 Residential Development Impact Fees 6 Estimated Prototype Development Costs, Renter
Housing Prototypes 7 Estimated Prototype Development Costs, Owner
Housing Prototypes 8 Affordability Standard Alternatives 9 Affordable Monthly Housing Expense 10 Affordability Gap on Inclusionary Units, Rental
Housing Prototypes 11 18 Cost Savings, Alternative Product Type LIST OF CHARTS TITLE
2. Prototypical Development Costs
7
16
21
28
35
49
58
Appendix B: Costs of Alternative Affordability Requirements
Appendix C: Evaluation of Potential Economic Incentives
Appendix D: Prototype Density Bonus Feasibility Evaluation
Appendix E: Assessment of Economic Impacts of Affordability
Requirements
Appendix F: Residential Building Permit Activity
10
12
14
17
18
19
Affordability Gap on Inclusionary Units, Owner Housing Prototypes
20
12
Total Economic Value of Incentives,
Excluding Density Bonus, Renter Housing Prototypes29
13
Total Economic Value of Incentives,
Excluding Density Bonus, Owner Housing Prototypes30
14
Total Economic Value of Incentives,
Excluding Density Bonus, Renter Housing Prototypes31
15
Total Economic Value of Incentives,
Excluding Density Bonus, Owner Housing Prototypes32
16
Comparison
of Affordability Costs and Cost Savings from Incentives,
with Density Bonuses, Renter Housing Prototypes33
17
Comparison
of Affordability Costs and Cost Savings from Incentives,
with Density Bonuses, Owner Housing Prototypes34
36
19
Cost Savings, Offsite New Construction, Rental
Prototypes
37
20
Cost Savings, Offsite New Construction, Owner
Prototypes
38
21
Net Affordability Costs, Offsite New Construction,
Rental Prototypes
39
22
Net Affordability Costs, Offsite New Construction,
Owner Prototypes
40
23
Per-Unit Acquisition Cost Assumptions, Existing
Multifamily Rental Properties
41
24
Cost Savings, Acquisition/Rehabilitation, Rental
Prototypes
43
25
Cost Savings, Acquisition/Rehabilitation, Owner
Prototypes
44
26
Net Affordability Costs,
Acquisition/Rehabilitation, Rental Prototypes
45
27
Net Affordability Costs,
Acquisition/Rehabilitation, Owner Prototypes
46
28
Cost Savings, Additional Bedroom Credit, Rental
Prototypes
47
29
Cost Savings, Additional Bedroom Credit, Owner
Prototypes
48
30
City of Los Angeles Market Rent Data
59
31
Estimated Market Home Sales Prices, Owner Housing
Prototypes
60
32
Residual Land Value Per Square Foot Site Area, Renter Housing Prototypes
with Alternative Inclusionary Housing "Packages," Inclusionary Scenario 1:
10% of Units Affordable at 45% of Area Median Income62
33
Residual Land Value Per Square Foot Site Area, Owner Housing Prototypes
with Alternative Inclusionary Housing "Packages," Inclusionary Scenario 1:
10% of Units Affordable at 90% of Area Median Income63
34
Residual Land Value Per Square Foot Site Area, Owner Housing Prototypes
with Alternative Inclusionary Housing "Packages," Inclusionary Scenario 2:
15% of Units Affordable at 90% of Area Median Income64
35
Residual Land Value Per Square Foot Site Area, Owner Housing Prototypes
with Alternative Inclusionary Housing "Packages," Inclusionary Scenario 3:
20% of Units Affordable at 90% of Area Median Income65
CHART
PAGE
1
State of California Total Residential Building Permit Activity
54
2
City of Carlsbad Total Residential Building Permit Activity
55
3
City of Los Angeles Total Residential Building Permit Activity
56
LETTER FROM MAYOR HAHN DATED MARCH 25, 2003 (PDF) -- not included in the "entire report" above
LAHD STAFF REPORT (PDF) -- not included in the "entire report" above
Staff report from the Los Angeles Housing
Department transmitting the City of Los Angeles Inclusionary Housing Study to Mayor and
City Council.
inclusio.htm (rev. 04/23/04)