2 December 2015

Simon Ha moderates panel on transit-oriented development/multi-family housing

Steinberg Principal Simon Ha moderated a panel discussion on multifamily housing and transit oriented development in Southern California

Citing a UCLA study, Simon opened with the city’s ranking as the least affordable housing in the US and illustrating the point with the growth in median rent versus income in the county.

Panelists introduced themselves and their respective perspectives on how to best address the shortage of quality affordable housing.

Discussion included:

  • Planning and project activity from the Los Angeles MTA and Los Angeles Department of City Planning Perspective–continuing to promote thoughtful development, finding ways to supplement funding lost through the dissolution of the CRA
  • Strategies to gain trust and understanding from the community at-large in planning and project development
  • Communicating the value of transit oriented development, density, and affordable housing: promotion of health and wellness through walkability, reductions in greenhouse gas emissions through reduces vehicle miles traveled, reductions in time spent commuting
  • Anecdotes from Forest City’s Blossom Plaza project: complex capital sources with myriad requirements, clearances, and processes–the key for developers is mitigating the uncertainty in the project development process
  • Anecdotes from BRIDGE Housing’s Sage Park Apartments project: overwhelming demand for affordable housing–7,200 applications for 90 units, complex capital sources, extended project timelines

Panelists from this morning (from left to right in photo):

  1. Kim McKay, Executive Vice President, BRIDGE Housing
  2. Frank Frallicciardi, Vice President, Forest City
  3. Cecilia Estolano, Partner, ELP Advisors
  4. Patricia Diefenderfer, Senior City Planner, City of Los Angeles Department of City Planning
  5. Jenna Hornstock, Deputy Executive Officer, Metro Countywide Planning & Development Department

More information can be found here.

Related News