I am writing to urge the residents of Santa Monica and readers of the Santa Monica Daily Press to vote “Yes” on LV.
All affordable, moderate-income, and market-rate housing required by our state Housing Element, including developments over 32 feet in height, are exempt form the voter approval requirement. Only when the state benchmarks are achieved, and these production numbers are significant, is voter approval of individual market-rate projects required.
LV, in fact, will make improvements in our affordable housing. LV will require more pre-planning, prioritize developments that provide deeper affordability, and helps to slow down excessive growth. LV for the first time defines affordable housing, by ensuring that only household incomes up to and no greater than 120 percent moderate-income qualify.
Please join me on November 8 by voting “Yes” on LV.