Source: Capital and Main —
Thousands of affordable apartments lay hidden like easter eggs inside brand-new, often luxurious apartment buildings across Los Angeles.
Developers can save money by building taller and denser buildings under the city’s two inclusionary housing programs — Transit Oriented Communities (TOC) and density bonus — if they agree to reserve some of their units for people who earn between $24,850 and $67,200 a year (for a single person household).