Beset by the highest rents in Los Angeles County, Santa Monica officials are adopting a new affordable housing standard they say will create more residential units for lower-income households, although critics say it will only serve to depress housing production.

Under the city's new policy adopted last week, developers who want to build in downtown Santa Monica must price as much as 30 percent of the units below market-rate. The taller and denser the building, the more affordable housing units there have to be.

Read More: https://www.scpr.org/news/2017/07/31/74251/developers-in-santa-monica-face-experiment-in-prov/