Opportunity Zone Blog

Expo Corridor Transit Neighborhood Plan

Written by Benjamin Pezzillo | May 8, 2023 7:13:16 PM

In July 2018, Pactriglo performed a pro bono analysis of the Expo Corridor Transit Neighborhood Plan for Abundant Housing LA.

That analysis determined the following housing unit capacity differences resulting from Planning and Land Use Committee changes:

“The following is based on a pro bono analysis performed by pactriglo, a real estate analysis firm in Los Angeles:

Pico Boulevard between Bentley Ave. and Overland Ave:

  • Capacity in plan passed by Planning Commission: 1310 units, including 130 units for extremely low income Angelenos
  • Capacity in plan amended by PLUM Committee: 771 units
  • Units Lost: 539, including 130 affordable units

Exposition Boulevard between Sepulveda Blvd. and Midvale Ave:

  • Capacity in plan passed by Planning Commission:: 557 units, including 58 for extremely low income Angelenos
  • Capacity in plan amended by PLUM Committee: 109 units (i.e., status quo)
  • Units Lost: 448, including 59 affordable units

Total Units Lost: 987, including 189 units for extremely low income Angelenos”

 

This analysis was used in the public legislative process and debate in the City Council’s adoption of the plan