SCH Number 2002031117

Project Info

Title

Affordable Housing Policy Marina del Rey

Description

The proposed affordable housing policy for new development in County-owned Marina del Rey is to implement the requirements of the Mello Act. The policy proposes that 10% of all new residential units built on County-owned Marina del Rey parcels be set aside for persons and families of low income for a period of 30 years. In the event that construction of the affordable units on-site on the Marina parcel is infeasible, the policy proposes construction by the County of the required affordable units off-site elsewhere in the unincorporated Coastal Zone or within three miles thereof. In the event construction of the required affordable units is infeasible within the above-described off-site target area, then the policy prooses construction by the County o the required affordable units elsewhere within the unincorporated area of the County of Los Angeles. The policy proposes that if off-site construction of affordable units is necessary, the developer (lessee) of the involved county-owned Marina del Rey parcel shall pay an in-lieu fee in the amount of $7.45 per net rentable square foot of development, plus an administrative fee equal to five percent of the in-lieu fee collected for the purposes of defraying County costs in constructing the off-site affordable units. The policy further proposes payment by the developer (lessee) of $250/ year per affordable unit constructed (on-or-off-site) to defray the cost of County enforcement of the affordability status of such units.

3 documents in project