The Los Angeles City Council’s Planning and Land Use Management Committee will consider an ordinance on Tuesday that could have a significant impact on the housing market. The proposed ordinance would amend the Los Angeles Municipal Code to establish a Wildlife Supplemental Use District, allowing up to 1,000 square feet of basement area to be exempted from Residential Floor Area calculations while revising the threshold for Site Plan Review. Realtor Rick Tyberg of Douglas Elliman Real Estate – Ernie Carswell and Associates has warned that this measure could have “a devastating effect on the housing market and our local economy” due to its potential reduction in buildable square footage by nearly 50% or more than what is currently allowable.
Tyberg urged citizens of Los Angeles attend Tuesday’s meeting at 2 p.m., asking city officials “to approve wildlife protection measures which everyone supports and stop [the] 50% or more reduction in allowable square footage until proper discussions and research has been done with appropriate public outreach.”
