affordable

And they should finance more than the typical 30% to 50% of affordable and supportive projects, which tends to leave developers spending years cobbling together the rest of the financing from other sources.

The city’s proposal would make them permanent and go further to mandate every rent-stabilized unit demolished is replaced by an income-restricted affordable unit.

They want officials to mandate developers replace each rent-stabilized unit they demolish with not one but two income-restricted affordable units.

Los Angeles is proposing changes because state housing rules mandate the city find land where developers can add 255,000 new homes — just over half of which would be affordable to low-income families.

The proposal would enable developers to build more than currently allowed and receive breaks on height and parking if they include a certain percentage of affordable units — and the property is near transit or along a major street near jobs and good schools.