65 units being held up by Los Angeles Department of Water and Power.
Our ability to build homes is only as strong as our most incompetent government agency.
We must demand top-shelf competency and reliable timelines from our local governments. Anything less is a failure.
Here’s a 65 unit building we manage, sitting empty while we wait for LADWP.
Without a Certificate of Occupancy, we cannot fill the units. The owners never underwrote five months of delays.
Los Angeles does not have a housing shortage. It has an overregulation problem, compounded by the most backward landlord/tenant laws in the country.
Placing disproportionate financial, administrative and legal risk on housing providers will not lower rents. It does the exact opposite.
Tenants, Los Angeles has failed you.