LA VIP AGENT: LOS ANGELES PLANNING DEPARTMENT APPROVES NEARLY 20,000 NEW HOUSING UNITS
THE CITY’S OF LOS ANGELES HAS APPROVED PLANS FOR 7,359 NEW HOMES, APARTMENTS, AND CONDOS.
THIS IS WELL ABOUT THE 5,657 UNITS THAT WERE PREVIOUSLY APPROVED IN THE PAST QUARTER, AND SLIGHTLY MORE THAN THE 6,840 UNITS APPROVED A FEW MONTHS BEFORE THAT. WITH 19,856 NEW RESIDENCES BEING PREPARED, THE CITY SAY IT IS ON TRACK TO MEET A 2014 GOAL SET BY MAYOR ERIC GARCETTI TO HAVE 100,000 NEW UNITS INSTALLED BY 2021.
GARCETTI’S GOAL IS MORE THAN 20 PERCENT HIGHER THAN THE 82,000 UNITS THAT WAS ESTIMATED THE PLANNING DEPARTMENT. HIS GOAL IS FOCUSED ON ADDRESSING A HOUSING SHORTAGE THAT HAS ADDED TO RISING RISING RENTS AND HIGH HOME PRICE IN THE METRO AREA.
Industry leaders and top producers address the main challenges they are facing today and what strategies they are implementing to close out 2022 strong.
Expert panelists and Mansion Global reporters will speak to what's next for real estate in an increasingly digital and high-tech landscape, from properties in the metaverse to innovations in sustainable homes.
