Very helpful level-set on LA's much talked about ED 1 policy. It's not as effective as it could have been, but it's still having a major impact.
With 8,500 units under construction, the policy is helping LA produce a lot more affordable housing than it could before.
Benjamin Schneider
All the controversies over Mayor Bass' ED 1 obscure the big headline: it's a hugely successful program that has already led to thousands of affordable apartments built at zero taxpayer expense, and it's just getting started. A 🧵:
Ignore the haters. Mayor Bass' signature housing policy is a big success.
