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
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,...