The 7x7 Plan

Goal 2

Lower Average Rents by 10%

Issue Overview

Los Angeles has a housing crisis. Housing starts are near a 10-year low, permitting timelines can take 18 months or more, and the average cost to build a publicly subsidized affordable housing unit has ballooned past $800,000. Through Better Angels, I built an affordable housing investment fund and have helped move hundreds of affordable units into construction or the pipeline, at a fraction of the typical cost and time, and without taxpayer subsidy. As Mayor, I will bring that same no-excuses, results-driven approach to housing — focused on getting more homes built, faster, and at a cost people can actually afford.

The Tactics

1

Cut residential permitting from 1 year to 1 month citywide

This is the same speed LA is finally now applying to Palisades fire rebuilds, and will be achieved citywide by deploying AI plan review and mandating parallel interdepartmental review as the default

2

Create dedicated fast-track teams within DWP and Building & Safety focused exclusively on net-new housing

Giving developers the timeline predictability they need to break ground, because no one builds when a permit can take six months or six years depending on which desk it lands on.

3

Suspend Measure ULA's transfer tax on all new construction for a minimum of 10 years

Removing the single biggest reason large residential developers are sitting on approved projects rather than building them.

4

Create a Developer Incentive Program exclusively for 100% affordable projects

Fast-track permitting, full fee waivers, and property tax abatements for any developer committing to 100% affordable units.

5

Issue a mayoral executive order mandating a 30-day maximum permit timeline for 100% affordable housing

Following San Diego Mayor Gloria's EO 2023-01 which drove an 82% increase in homes permitted within one year, with no legislation required.

6

Reform impact fees citywide

Defer payment to certificate of occupancy rather than permit issuance, and eliminate fees entirely for affordable housing projects removing the upfront cash-flow barrier killing affordable construction.

7

Work with the state and county to create a secondary guarantor program for construction financing

Reducing lender risk on mid-density projects so developers can actually break ground on the townhomes, condos, and fourplexes that LA's missing middle desperately needs, while reforming insurance and liability rules that currently make these smaller builds financially unviable.