Moderator
Azeen Khanmalek
Office of Mayor Eric Garcetti
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As homelessness continues to rise and the lack of affordable homes has become more acute, jurisdictions have been looking at a myriad of tools to incentivize the productions of affordable housing. While local jurisdictions cannot leverage the financial resources that the State or Federal government can, cities and public agencies own and control a wide breadth of land that may be surplus, underutilized, or otherwise available for secondary development. Selling at below market rate or long-term leasing are key tools that cities and local agencies can deploy to both subsidize and incentivize affordable housing production. This presents a number of opportunities, including planning for synergies between new housing development and investment in transit infrastructure and other public amenities. However, developing on public land presents a myriad of challenges as well, such as long processes for site control, the preferences of local elected officials and community members, coordination between multiple jurisdictions and agencies, and an evolving State regulatory framework.
This panel brings together professionals from the local agencies and the development community to discuss both the challenges and opportunities for affordable housing presented by public land, potential future issues, and solutions.
Moderator
Office of Mayor Eric Garcetti
Panelist
Affordable housing developer
Panelist
LeSar Development Consultant
Panelist
Deputy Executive Officer, Joint Development, Los Angeles County Metropolitan Transportation Authority (LACMTA)
Panelist
Interim Director of Real Estate and Business Development, Los Angeles Unified School District