Housing production in Los Angeles is poised to pick up even more as a new adaptive reuse law goes into effect this month. The Citywide Adaptive Reuse Ordinance makes it easier for developers to convert vacant commercial buildings into residences by streamlining approvals and increasing the number of properties eligible for conversion, the Los Angeles Times reported. Last month, the Los Angeles City Council voted in favor of the Citywide Adaptive Reuse Ordinance, which repeals Los Angeles’ existing Adaptive Reuse Incentive Areas Specific Plan, which limited conversions to certain parts of the city including downtown, Chinatown, Hollywood and Koreatown. With […]
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