"Paul Habibi, a professor at the University of California at Los Angeles’s Ziman Center for Real Estate, said there is a shortage of 500,000 affordable units in Los Angeles, which TODs can help address.
" 'There’s a widespread belief that the affordability problem needs to be solved from the supply side,” Habibi said. 'Density is one mechanism by which to have that happen, because developers can increase the number of units in any given community.'
"He added that reducing parking requirements is key because parking can add $100,000 to the cost of building a typical condo, which is then passed on to the resident."
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For media inquiries: JackSkelley@JSPRLA.com
For general inquiries: ziman.center@anderson.ucla.edu
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November 2019
11/21/2019
Washington Post: Are transit-oriented developments the answer to the affordable housing shortage"
About UCLA Ziman Center for Real Estate
- UCLA Ziman Center is a multidisciplinary research center of UCLA Anderson School of Management and UCLA School of Law. We seek to advance thought leadership in the field of real estate by generating influential research, educating the next generation of leaders and providing meaningful forums for industry professionals and policy makers.
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