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‘Godzilla next door’: How California developers gained new leverage to build more homes

06/09/2023 12:43 PM | Margaret Fulton (Administrator)

WS Communities put forward its not-so-modest proposal at a moment when it had extreme leverage over the city thanks to a new interpretation of a 33-year-old housing law. Santa Monica’s state-required housing plan had expired and its new plan had yet to be approved. According to the law, in that non-compliance window, developers can exploit the so-called builder’s remedy, in which they can build as much as they want wherever they want so long as at least 20% of the proposed units are set aside for lower income residents.

Read More: https://smdp.com/2023/06/09/godzilla-next-door-how-california-developers-gained-new-leverage-to-build-more-homes/

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