Paul Habibi, an apartment developer who is also a professor at UCLA’s Anderson School of Management, said he understands the concerns about favoritism for luxury developers seeking one-off approvals to Los Angeles’ outdated zoning code. But he said the shortage of housing is so severe that “you just can’t build enough units at any price point.”
“The reality is that growth needs to come from all directions, whether it’s high-end housing, midtier or the subsidized affordable units,” he said.
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