Tiny apartments: New California bill would reward developers who go compact
Can developers go big with smaller developments?
A California lawmaker frustrated by the lack of low-cost efficiency apartments being built to ease California’s housing shortage is taking a shot at spurring their construction — by making them more profitable for developers.
A new bill sponsored by the city of San Diego would reward developers for building smaller and more affordable units within a short walk of public transit.
“It seems to me that there’s a huge market out there for working- and middle-class housing, and yet it’s not getting built,” said the bill’s author, Assemblyman Todd Gloria, D-San Diego, in an interview Wednesday.