The Santa Monica Housing Commission wants more residents to own their homes and their overall strategy is to de-emphasize rentals in the City’s housing process.

In a report that will be presented to Council on Tuesday, the Commission outlines a variety of ideas for encouraging homeownership. Specifically, they want to shift incentives from building rental units to encouraging construction of units that will be for sale and at the same time, explore ways to convert existing rental units to owner-occupied units.

Read More: https://smdp.com/2023/07/24/commission-wants-rent-controlled-tenants-to-be-able-to-buy-their-units/