Van Nuys, Calif. – Today, the Los Angeles County Board of Supervisors introduced a motion to instruct the Department of Regional Planning to prepare four ordinances related to housing. The Valley Industry & Commerce Association (VICA) commends the work the County is doing to help address the housing crisis, but has strong concerns about a potential inclusionary housing ordinance.
Inclusionary housing will make it even more expensive to build housing in Los Angeles, restricting the supply and making housing even less affordable for working families. Los Angeles County is in dire need of more housing, but inclusionary housing threatens to undermine efforts that will help address the housing crisis. VICA urges the Board of Supervisors to fully consider the impact that policy decisions such as an inclusionary housing could have on overall housing production.
VICA President Stuart Waldman said:
“Today’s action by the Los Angeles County Board of Supervisors has many elements which would be positive for improving the housing supply in our region. We urge the Board to support these policies, but to exercise extreme caution when considering an inclusionary housing element which will drive up housing costs for families.
“The housing shortage is suffocating our state’s economy. The only way to solve the housing crisis is by building more, and inclusionary housing policies work against this goal.”
The mission of the Valley Industry & Commerce Association (VICA) is to enhance the economic vitality of the greater San Fernando Valley region by advocating for a better business climate and quality of life. Visit www.vica.com for more information.