Cornfield Arroyo Seco Specific Plan (CASP): An Innovative Model for Using Land-Use Tools to Finance 100% Affordable Developments and Incentivize Affordable Homes in Market-Rate Developments

  • May 28, 2015
  • 12:00 PM - 1:00 PM
  • Online at http://scanph.org/webinar
  • 64

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  • This is a free online event.

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CORNFIELD ARROYO SECO SPECIFIC PLAN (CASP):
An Innovative Model for Using Land-Use Tools to Finance 100% Affordable Developments and Incentivize Affordable Homes in Market-Rate Developments


THURSDAY, MAY 28, 2015
12:00 PM online

In 2010, the Southeast Asian Community Alliance (SEACA) partnered with Public Counsel to engage in a planning process for the Cornfields Arroyo Seco Specific Plan (CASP), an industrial area that the City was moving to convert to a compact, livable, walkable mixed-use, public transit-focused neighborhood adjacent to Chinatown and Lincoln Heights in the City of Los Angeles. A coalition of groups came together to encourage the LA City Council to adopt the CASP - and with its adoption December 2012 came some very innovative mechanisms for building affordable housing in the area.

The webinar will give an overview of the CASP with an emphasis on the land-use tools intended to develop affordable housing in what is now the nation’s first LEED certified Neighborhood Plan:
  • Value Capture strategies to incentivize the inclusion of affordable units.
  • Innovative financing of 100% affordable housing projects using FAR, ROI, and BR
  • No parking minimums or maximums (NO PARKING REQUIREMENTS)
CASP is a landmark development in affordable housing that should be a blueprint for new transit-oriented development. The LA Times named CASP as “a model for Los Angeles,” and SCANPH awarded SEACA and Public Counsel Advocate of the Year in 2014.


Tune in for an hour with Sissy Trinh (SEACA) and Shashi Hanuman (Public Counsel) to learn how affordable developers can use the tools in the CASP to fund projects there and how other localities and neighborhoods can ensure that core transit riders can live near transit.

REACH US

Southern California Association of Non-Profit Housing
501 Shatto Place, Suite 403
Los Angeles, CA. 90020

(213) 480-1249 
fax (213) 480-1788

www.scanph.org


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