Editor:

The Santa Monica Daily Press recently featured an article that most below-market, rent-controlled units will be flushed out in 15 years. In order to supplement the reduction of low-rent units, more development is required through allowing builders to benchmark a percentage toward low-income units in exchange for development. Herein lies the problem for our city:

Read More: http://smdp.com/letter-santa-monicas-affordable-housing-problem/150512