HOUSING ELEMENT IMPLEMENTATION - COMMUNITY LAND TRUST FEASIBILITY STUDY AND POTENTIAL IMPLEMENTATION STRATEGY [N. MARICICH, J. ALKIRE, F. CONTRERAS, A. STAUBER, S. CAMPBELL, A. BARTLE]
Staff Direction • 2026-06-15 • Item F.4 • Tracking ID DIR-2026-878F80
Tracking ID: DIR-2026-878F80
Full tracking history, completion evidence, and related council actions available on the main site.
Plain language summary
Funded by a mix of potential grants and partnerships, this proposal explores the feasibility of establishing a Community Land Trust (CLT) in West Hollywood to provide affordable homeownership opportunities. The study identifies a $6 million financing gap for a proposed 30-unit condo development, highlighting the need for additional subsidies and partnerships to make the project viable. This initiative could help address the city's housing affordability crisis by offering a path to homeownership for moderate-income residents.
Due: 2026-09-13
Follow-Up Presented
City staff provided an update at a later meeting. Direction is still in progress.
What this means to you
For West Hollywood residents, this initiative could mean more affordable homeownership options in the future, particularly for those who currently find it difficult to buy a home due to high prices. If successful, the project could stabilize housing costs and provide long-term affordability, potentially reducing the financial burden on renters looking to transition to homeownership.
Fiscal impact
SUBJECT: The City Council will receive an overview of the findings from the recent Community Land Trust Feasibility Study, discuss whether the City should preserve community land trust development as a potential affordable homeownership strategy, and provide direction on a partnership-based approach that could support a future pilot project if a qualified partner, a viable site opportunity,...