Sec. 11.5.1. | Los Angeles City Law Search

the formula set forth in Chapter XV. (Rent Stabilization | 11-69 Division of Land | Article 11 Div. 11.5. (Condominiums, Community Apartments, & Stock Cooperatives) Sec. 11.5.1. (Conversion: Residential; Residential to Commercial/Industrial) Established by Ord. 188,418, Eff. 01/20/2025, Oper. 01/27/2025 City of Los Angeles Zoning Code Chapter 1A Ordinance), Sec. 151.06. (Automatic Adjustments) of this code. the adjusted amount shall be rounded to the nearest $50 increment. this fee shall be paid prior to approval of the final map by the city engineer . 2. All fees collected in accordance with this Subsection (Rental Housing Production) shall be deposited and held in the rental Housing Production Account of the los Angeles Housing Department, which account is hereby established to be administered by the los Angeles Housing Department separately from all other money expended by the Department. Money in this account shall be used exclusively for the development of low and moderate income rental housing in the city , in accordance with guidelines carrying out this purpose prepared by the Department and approved by resolution of the city council. | 11-70 Division of Land | Article 11 Div. 11.5. (Condominiums, Community Apartments, & Stock Cooperatives) Sec. 11.5.1. (Conversion: Residential; Residential to Commercial/Industrial) Established by Ord. 188,418, Eff. 01/20/2025, Oper. 01/27/2025 City of Los Angeles Zoning Code Chapter 1A Sec. 11.5.2. CONVERSION: COMMERCIAL/INDUSTRIAL; COMMERCIAL/ INDUSTRIAL TO RESIDENTIAL A. Intent the intent of these provisions is: to promote greater individual choice in type, quality, price, and location of housing; to provide for the housing needs of all segments of the population; to provide increased homeownership opportunities for all segments of the population; to promote the safety of conversion projects and correct any violations of Chapter IX. (Building Regulations) of this code which may occur in conversion projects; to provide ade