Preliminary approval was granted by the City Council Tuesday night, but more changes are expected in the coming months that could affect the duration of affordability and how much developers pay to avoid building affordable units.
The adopted policy will set aside 11% of new rental units for very-low income households and 10% of new ownership units for moderate income households.
The inclusionary housing ordinance could require set percentages of new construction project to be affordable housing units. Housing advocates say the majority of those units should be set aside for very-low income households.
The Long Beach Planning Commission on Thursday discussed recommendations for a future inclusionary housing ordinance—which could mandate that developers contribute to the city’s affordable housing stock.