Beverly Hills Ordered to Revise Its Affordable Housing Plan
Bloomberg, Sept. 14, 2023-John Gittelsohn (subscription)
Beverly Hills, a city known for luxurious mansions, must come up with a new plan to comply with a California law that requires it to offer housing for moderate- and low-income residents, a judge ruled.
The ruling comes amid a broader effort to enforce affordable housing requirements in California, which faces among the worst housing shortages in the US. Fees, regulations and delays have pushed building costs to among the highest in the nation, and the state adds far fewer new units than it needs each year to meet demand.
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