LOS ANGELES (CNS) — Major reforms are needed to increase housing production in the city of Los Angeles to meet a goal of producing more than 450,000 units by 2029, according to a new report released Thursday by the Los Angeles Business Council.
The report authored by UCLA and California State University Northridge examined how the long and complex housing development process has contributed to the city’s failure to keep pace with housing needs. According to California’s Regional Housing Needs Assessment (RHNA), the city must add approximately 456,643 units from 2021 to 2029, which is a five-fold increase over the 83,865 units produced from 2010 to 2019.
“Unless housing production is accelerated significantly, the RHNA goals will certainly not be met,” the study said.
The city of Los Angeles would need to complete 57,000 units a year on average, compared to less than 9,000 units annually last decade, to meet its goal.
