By  TRD Staff : therealdeal – excerpt

New building incentives would put rent-stabilized buildings at risk of demolition…

ACT-LA coalition’s Laura Raymond; mayor Karen Bass

A Los Angeles plan to rezone multifamily housing could put tenants in rent-controlled apartments on the curb.

A Citywide Housing Incentive Program ordinance to be heard by the City Council’s Planning and Land Use Management Committee on Tuesday would supercharge building incentives for developers while displacing tenants in older units, the Los Angeles Times reported.

The proposed legislation would give builders a break on height and parking if they include a certain percentage of affordable units and the property is near transit, a major street and jobs and schools.

Projects that are 100 percent affordable would be eligible for incentives across a wider part of the city.

The incentives would apply in single-family zones only if a property is owned by a public agency or a faith-based organization, which accounts for 1 percent of the city’s single-family lots, according to the Times.

Instead, most of the parcels that fall under the proposed development incentives are in residential neighborhoods zoned for apartments…(more)

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