New Density Bonus Program in Transit Oriented Communities

As a part of Measure JJJ, the Transit Oriented Communities (TOC) Program has recently hit Los Angeles with new regulations to promote affordable housing. Effective September 22, 2017, the TOC Program allows a density bonus if the new development dedicates a specified amount of units to affordable housing, which is outlined on the TOC Guideline. In order to qualify for TOC, your property must be in close proximity to major transit stops. To check whether or not your property falls in the TOC zone, please visit the ZIMAS website and check under the ‘Planning and Zoning’ tab. Owners can determine whether or not a property qualifies for TOC. If it does, there are four Tiers that each property wi

Soft Story Retrofit Financing & Cost Recovery Program

If you’re a property owner in Los Angeles, chances are you have heard about the mandatory seismic retrofits that need to be done on certain properties with soft story structures. In fact, all property owners should have received a notice to comply by now if your property needs to be retrofitted. If you have not, you should probably check the LADBS Permits & Inspection Report to confirm that your property doesn’t fall under the new ordinance. The cost of completing the soft story retrofit is often a huge financial burden on property owners. Below are two ways to pay for the retrofitting. SEISMIC RETROFIT COST RECOVERY PROGRAM In Los Angeles, the Seismic Retrofit Cost Recovery Program allows l

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Anie Mayelian  (818) 915-9118 
DRE #0077825

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