Costar: Los Angeles Group Spells Out Reforms To Speed Housing Production, Attract More Construction Spending

In Los Angeles it takes nearly a full presidential term for a housing project to be permitted and built.

That’s too long of a timeline for many real estate investors and developers, further exacerbating Los Angeles’ housing crisis and making the city one of the nation’s most unaffordable places to live, according to a study by a local business group.

But two citywide reforms may speed the process of building thousands of new homes and further attracting more real estate development spending in Los Angeles.