LA Council Enacts CHIP Ordinance (Proposed Citywide Housing Incentive Program (CHIP)
The Citywide Housing Incentive Program (CHIP) is a key component of Los Angeles's 2021-2029 Housing Element, known as the Plan to House LA. This initiative aims to address the city's significant housing needs by facilitating the development of affordable housing near transit hubs, employment centers, and in higher-opportunity areas. The CHIP Ordinance was adopted by the Los Angeles City Council on December 4, 2024.
Key Features of the CHIP Ordinance:
Development Incentives: The ordinance offers incentives such as increased density and reduced parking requirements for projects that include on-site affordable housing. These incentives are designed to encourage the construction of mixed-income and 100% affordable housing developments.
Streamlined Review Process: CHIP aims to expedite the approval process for qualifying projects, thereby reducing bureaucratic delays and encouraging timely development.
Environmental Considerations: The ordinance includes measures to ensure that new developments do not exacerbate environmental justice issues, such as requiring environmental site assessments for projects near hazardous sites.
Resident Protections: The CHIP Ordinance is accompanied by a Resident Protections Ordinance, which seeks to safeguard existing residents from displacement due to new developments.
The CHIP Ordinance is part of a broader effort to meet the city's housing obligations under state law, aiming to rezone for over 255,000 new units by February 12, 2025.
For more detailed information, including the full text of the ordinance and related documents, you can visit the Los Angeles City Planning Department's official page on the CHIP Ordinance. https://planning.lacity.gov/proposed-citywide-housing-incentive-program-chip-ordinance-housing-element-sites-and-minimum
