Deconstruct is a weekly podcast from The Real Deal. This week, the team looks at unintended consequences of legislation. Santa Monica could get 4,500 new apartment units thanks to an obscure law.
After the city of Santa Monica failed to submit a state-approved housing plan on time, developers raced to capitalize on the city's failures. Under California state law, developers in cities whose housing plans fall out of state compliance can turn to filing so-called “builder’s remedy” projects that do not require the usual consent of municipal councils or planning commissions.
But how did this happen? TRD's Deconstruct chats with reporter Trevor Bach about why the city of Santa Monica is set to get more than 5,000 new units, whether cities can challenge these projects and how other regions may get a deluge of new housing.