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Understanding the City's Draft Resident Protections Ordinance
Understanding the impact of affordable housing legislation is crucial in navigating the current real estate landscape in Los Angeles. The city's "Resident Protections Ordinance" from March 12, 2024, aims to safeguard residents and streamline the development of affordable housing. Key components include stringent replacement requirements for demolished housing units, protections for existing tenants, and extensive guidelines for the allocation of affordable units.