In Los Angeles, the Community Housing Incentive Program (CHIP) ordinance serves as a vital tool for developers and property owners aiming to invest in affordable housing projects. This ordinance provides a structured approach by offering density bonuses, stacking incentives, and targeting strategic locations for mixed-income developments. By leveraging these incentives, developers can not only maximize their returns but also contribute significantly to addressing the city's affordable housing needs. The CHIP ordinance stands as a testament to Los Angeles' commitment to fostering inclusive and sustainable communities through innovative housing solutions.