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Value Capture Policy / Value Capture Option / Analysis

CF 14-1325-S1

Exemption pursuant to California Environmental Quality Act (CEQA) Guidelines Sections 15378(b)(4) and 15061(b)(3), Negative Declaration and related CEQA findings, and report from the Los Angeles City Planning Commission relative to a proposed Ordinance amending Sections 12.24 and 14.00 of the Los Angeles Municipal Code to clarify existing regulations and align affordability requirements across the range of zoning entitlements that allow for increased density or floor area ratio beyond what is allowed by zoning, ensuring the creation of affordable housing through certain conditional use permits and public benefit projects.

Applicant: City of Los Angeles
Case No. CPC-2017-2022-CA
CEQA No. ENV-2017-2023-ND
Fiscal Impact Statement: No

  • 12/13/2017 Council adopted the Planning and Land Use Management Committee Report forthwith (vote: 12 ayes; 1 no); Ordinance over to January 10,
  • 2018 for second consideration.  Report from PLM (December 12, 2017),
  • 12/12/2017 Planning and Land Use Management Committee approved item(s) . Report from City Attorney (December 8, 2017), Draft Ordinance (December 8, 2017)
  • 12/08/2017 City Clerk scheduled item for Council on December 13, 2017 .  Report from City Attorney (December 8, 2017), Draft Ordinance (December 8, 2017)
  • 12/08/2017 Planning and Land Use Management Committee scheduled item for committee meeting on December 12, 2017.  Report from PLM (December 12, 2017), Draft Ordinance (December 8, 2017)
  • 12/08/2017 City Attorney document(s) referred to Housing Committee; Planning and Land Use Management Committee.  Report from City Attorney (December 8, 2017), Draft Ordinance (December 8, 2017)
  • 12/08/2017 Document(s) submitted by City Attorney, as follows:  Report from City Attorney (December 8, 2017), Draft Ordinance (December 8, 2017)

City Attorney report R17-0428, dated December 8, 2017, relative to the draft ordinance amending sections 12.24 and 14.00 of the Los Angeles Municipal Code to clarify and update Affordable Housing requirements for certain conditional use permits and public benefit projects.

Los Angeles City Planning Commission report, dated August 4, 2017, relative to amending the Los Angeles Municipal Code to clarify existing regulations and align affordability requirements across the range of zoning entitlements that allow for increased density or floor area ratio beyond what is allowed by Department of City Planning.

  • 11/23/2016 Council Action  (November 23, 2016) .  Vote Action: Adopted Vote Given: (11 – 0 – 4)

Reports from the Department of City Planning relative to affordable housing policy options and the feasibility of implementing a Value Capture Policy with an analysis regarding three different value capture options.

PLANNING AND LAND USE MANAGEMENT COMMITTEE REPORT relative to affordable housing policy options and the feasibility of implementing a Value Capture Policy.

Recommendations for Council action:

INSTRUCT the Department of City Planning (DCP) to work with the City Attorney to prepare a draft Ordinance to implement a Value Capture Policy based on a Fixed Requirement and/or Fixed Requirement with Mixed Affordability.

INSTRUCT the DCP to work, with the assistance of the City Administrative Officer and the Chief Legislative Analyst, on whether an economic analysis is warranted by the Ordinance.

Fiscal Impact Statement: The DCP reports that approximately $300,000 in funding may be required for the DCP to hire an economic consultant to carry out an economic feasibility assessment as part of the analysis prior to drafting any Ordinance.

Community Impact Statement: None submitted.

(Housing Committee waived consideration of the above matter)

  • 11/22/2016 Council adopted item, subject to reconsideration, pursuant to Council Rule 51.
  • 11/15/2016 City Clerk scheduled item for Council on November 22, 2016 .  PLUM Report (October 25, 2016)
  • 11/04/2016 Housing Committee waived consideration of item .
  • 11/03/2016 Planning and Land Use Management Committee transmitted Council File to Housing Committee .   Communication (November 3, 2016)
  • 10/25/2016 Planning and Land Use Management Committee approved as amended .
  • 10/18/2016 Planning and Land Use Management Committee scheduled item for committee meeting on October 25, 2016.
  • 10/13/2016 City Planning document(s) referred to Housing Committee; Planning and Land Use Management Committee. (October 12, 2016)
  • 10/13/2016 Document(s) submitted by City Planning: City Planning report, dated October 12, 2016, relative to potential strategies and policy options for a Value Capture Ordinance. (October 12, 2016)
  • 9/06/2016 Planning and Land Use Management Committee continued item to/for 60 days.
  • 09/02/2016 Planning and Land Use Management Committee scheduled item for committee meeting on September 6, 2016.
  • 08/26/2016 Planning and Land Use Management Committee scheduled item for committee meeting on August 30, 2016 – CANCELLED.
  • 05/31/2016 Planning and Land Use Management Committee continued item to/for undetermined date.
  • 05/27/2016 Planning and Land Use Management Committee scheduled item for committee meeting on May 31, 2016.
  • 05/27/2016 City Planning document(s) referred to Housing Committee; Planning and Land Use Management Committee.
  • 05/27/2016 Document(s) submitted by City Planning, as follows: City Planning report, dated May 27, 2016, relative to the feasibility of implementing a Value Capture Policy and an analysis regarding three different value capture options.  (May 27, 2017)
  • HOUSING + COMMUNITY, Investment Department, Strategic Planning & Policy Division (November 17, 2015)  Related to CF 14-0600 S123, CF 14-0361 Motion 3/25/2014 and Motion 3/28/2014, CF 13-1389, CF 13-1624
  • Motion  CF 14-1325 (September 30, 2014)

Motion (O’Farrell – Huizar) relative to the Department of City Planning and the Housing, Community and Investment Department to report on the implementation of a value capture policy that would establish a nexus between discretionary land use entitlements and affordable housing. (Also referred to Housing Committee)

Community Impact Statement: None submitted.

Motion I THEREFORE MOVE to request City Planning and the Housing, Community + Investment Department to report on the feasibility of the implementation of a value capture policy that would establish a nexus between discretionary land use entitlements and affordable housing. I FURTHER MOVE to request that the report include recommendations aimed at reducing the cost associated with housing production, such as streamlined discretionary land use entitlements and flexible alternatives to development requirements, such as open space and parking.

Fiscal Impact Statement: No
Community Impact Statement: None submitted.
(This matter also referred to the Housing Committee)

 

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