Proposition R -- approved by local voters in 1990 -- requires that 30 percent of new multifamily housing constructed annually be affordable to low- and moderate-income households.

Santa Monica met that goal in Fiscal Year 2022-23, when 164 of the 484 units built, or 34 percent, were affordable, but fell short of the requirement in the three previous years.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2024/May-2024/05_08_2024_Santa_Monica_Struggles_to_Meet_Affordable_Housing_Targets.html