The Builder's Remedy is the other, even more drastic, enforcement provision of the 2017 amendment to the HAA. It prevents the Beverly Hills government from vetoing or rejecting any proposed multifamily housing project as punishment for the city's failure to submit an affordable housing plan that meets the California state government approval.
It means Beverly Hills is almost powerless to stop new developers from proposing new multifamily construction that reserves a minimum of 20% of its total units for affordable housing. To date, at least 14 new developments, almost all of which would be multistory buildings, have been proposed. Builders would theoretically be free to keep making these proposals until Beverly Hills hits a state-mandated target of 2,328 affordable units in the next eight years.
Read More: https://www.msn.com/en-us/money/realestate/beverly-hills-residents-up-in-arms-over-judge-s-order-to-build-affordable-housing-inside-city-limits/ar-BB1jzhOo