Santa Monica is short on housing for individuals and families earning between $50,000 and $90,000, according to an annual report on the city’s affordable housing production. 

Under a state law that requires cities to set targets for new development every eight years, Santa Monica is supposed to approve 700 market-rate units and 671 affordable units between 2013 and 2021. Developers of new apartment buildings are required to contribute to affordable housing in Santa Monica by constructing affordable units, paying a fee to the city to subsidize affordable development, or donating or selling land for affordable housing. 

Read More: https://www.smdp.com/santa-monica-hasnt-built-enough-apartments-for-households-earning-50000-to-90000-new-report-says/189918