Real Estate/Development
Jul. 23, 2011
Cities backing off affordable housing laws
More than 145 cities and counties passed laws that place quotas on real estate developers to ensure large projects included lower-income residences. Now, fearing lawsuits many have all but abandoned those ordinances.
Daily Journal Staff Writer
In the years before the housing market's most recent crater, many local lawmakers questioned why few builders were including lower-priced units in their apartment and condominium buildings.
More than 145 California cities and counties took up the cause, passing laws requiring real estate developers to include some lower-income residences in large projects.
Now many municipalities across t...
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