John Gregorchuk
@JMGregorchuk
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Former house hacker turned Multi-Family developer: 8-units under construction 🏗 59-units pending city approvals 📋 48-units in design phase ✏️
Los Angeles, CA
Joined May 2022
Finally, a city who's self aware about all their BS Fees and permits.
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Are the reforms too good to be true? 🫣.
CEQA liberation with no strings attached? Infill builders are delighted.
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Carlos Lantana. I don't always always plant pretty flowers in my legally required stormwater treatment planters, but when I do, I make sure it's Carlos Lantana.
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Freedom! We need to get rid of all the rules made by individuals who ban things they don't like. "I would never want to live in a dorm!".". in a McMansion!".". a High-Rise!".". a tiny home!" .". without parking!". etc. on and on it goes. If you don't like it, don't.
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Can confirm - the new projects I'm looking at are much much smaller scale. It comes down to de-risking. 5-20 unit buildings take just as long to permit as 50+ unit buildings and have a lot of the same complications. So I might as well do 50+ units, right? . Wrong. The risks.
I am disturbed by the number of clients with fully entitled - yet economically infeasible - denser multi family projects now looking to re-entitle for low density townhomes. Current law permits a whopping 100% densify bonus yet capital is smiling on only 15-20 d/u per acre 🤦♂️.
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In 2002, we were celebrating the passage of this bill on MySpace.
2⃣ In 2002, CA repealed parking minimums near "major transit stops." But the bill gives local govts wiggle room to re-impose parking mandates unless the project meets certain targets for deed-restricted-affordable housing. /3
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Sean nailed it with this one. 48 unit update:.This one will be staying a dream, living on in my heart forever.
Real estate development will break your heart. You’ll fall in love with a site you never get. You’ll sketch a dream that never gets funded. You’ll run pro formas until your eyes blur, only to have the deal fall apart days before closing. You’ll pour years into something the
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Happy Independence Day!. What a great post from Robert!.
America is bankrupt. Our government has debt it may never repay. Our culture is decadent. We mock God. Tempt fate. Squander our birthright. And, yet, we are a great country. Despite these flaws, in spite of these sins, we are indisputably the greatest country on earth. We are
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Donut Shop Doodles:.
@JulieChangRE Some things holding it back, here's what I'd do:. - change camera angle so we see more house and less garage. - take picture at different time of day to avoid shadows on window. - colorful landscaping. - paint the trim white. - get smoother board and batons so it doesnt look
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I was wondering why I wasn't super excited about the amazing CEQA reforms that were just passed. This post helped me realize that maybe it's because I've seen Los Angeles ignore state law time and time again. Hopefully that's changing with the recent LA City Council Motions 🙏!.
For some reason the YIMBY movement rarely seems to actually “build more density near transit stops” but it’s very good at state preempting zoning in suburbs and rural areas, almost like that’s what they really care about.
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Hey, Maybe there's hope for LA. The reforms put forward by @cd4losangeles touch on a lot of builder complaints. Hopefully, we can help shape the reforms within LADBS, LADWP, and City Planning to get projects going again!.
Why is this? Because Measure ULA was written without consulting the largest source of affordable housing capital: lenders. ULA’s mandatory covenants are incompatible with Fannie Mae, Freddie Mac, and most banks. And they can't be changed without a legislative fix.
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Looking good folks!.
@Scott_Wiener @JedLeano @streetsforall @QuirkSilvaCA @BuffyWicks @AsmLoriDWilson @alex_lee @AsmChrisWard @MattHaneySF SB 79 passes out of Assembly Housing on a 8-1 vote! We are yet one step closer to legalizing needed housing around California's opportunity-rich transit hubs!
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For all the normies: most jurisdictions allow builders to use materials that meet ANSI standards as verified by an accredited lab. Not LA, as @JMGregorchuk explains. They make you pay for a “research report.” This means we are sometimes years behind in building technology.
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