This post is a repeat of a post from our old news page on 12.03.07.
Los Angeles has a housing shortage. More specifically it has a shortage of affordable housing. During the latest housing boom, housing prices rose at a dramatic rate, putting home ownership within Los Angeles out of reach for many.
To address these and other housing issues, the city of Los Angeles implemented the Small Lot Ordinance in January of 2005. This innovative ordinance allows developers to subdivide land into smaller lots then previously permitted, providing new types of (fee simple) ownership housing for LA.
At Modative we are dedicated to developing an expertise on this new type of development. We developed the following chart outlining the benefits of this code.