HOLLYWOOD, CA — New development in Hollywood will make up a significant part of meeting Los Angeles’ citywide goal of building 450,000 new homes, based on a 20-year plan for the neighborhood approved unanimously by the City Council on Wednesday.
The planning document lists goals and policies that will guide decision making over the next two decades and a rundown of zoning rules and other ordinances the city will use to implement the plans.
The plan called for 35,000 new housing units in Hollywood when it was advanced by a city committee last month. It was updated Wednesday with amendments from several council members meant to boost affordable housing, re-evaluate the city’s adaptive reuse program and prioritize certain community facilities or benefits.
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The plan, and one for Downtown LA also approved Wednesday, seek to extend affordable housing covenants from 55 to 99 years, and establish new protections for tenants such as requiring that rent-stabilized housing units are replaced as lower income housing units.
The plans utilize a base bonus incentive to encourage developers to increase affordable housing units.
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The Hollywood plan also focuses on the Hollywood Media District, the industrial area around Highland Avenue and Santa Monica Boulevard that the city has fought to save from some forms of development; additional protections for sensitive hillside areas; open space designations and new policies to guide the city’s approach to undeveloped streets.
“For the first time in 35 years, Hollywood has a new community plan that can serve as a road map for a more equitable, sustainable and affordable future,” Councilman Hugo Soto-Martínez, whose 13th District encompasses parts of Hollywood, said in a statement.
“We are proud that the City Council unanimously approved the Hollywood Community Plan today, and we are grateful that the plan includes all of our amendments to promote equity and affordable housing construction,” he added.
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