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Santa Monica puts prime public land in play for affordable housing

The Southern California city is offering long-term land leases to developers
Santa Monica plans to offer 99-year leases on a trio of underused parcels to developers in a bid to accommodate more housing. (CoStar)
Santa Monica plans to offer 99-year leases on a trio of underused parcels to developers in a bid to accommodate more housing. (CoStar)

As cities across California scramble to meet housing mandates, Santa Monica is offering long-term leases on public sites in a bid to create hundreds of affordable homes in one of the state’s most expensive regions.

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