Show Me The Incentive

On today’s show we are taking a look at a new law in the city of Los Angeles that has been recently amended called SB8.  This new rule states that no new development can take place that demolishes housing whether occupied or vacant unless replacement housing is constructed that maintains equivalent affordable and very affordable units and rents those units to low income households. What are the intended consequences, and what are the non-intended consequences of this new rule? ------------- Host: Victor Menasce email: [email protected]