Mayor Karen Bass announced today that nearly 30,000 new homes are advancing across Los Angeles through the Citywide Housing Incentive Program (CHIP), one year after its implementation. This landmark initiative aims to unlock the capacity for nearly half a million new homes citywide.
CHIP, described as the largest local rezoning program in the country, was designed to streamline processes, making housing construction faster and more affordable near jobs, public transit, and existing communities. The program received near-unanimous support from the Los Angeles City Council last year, backed by Mayor Bass.
Mayor Bass emphasized the program's impact, stating, "For decades, Los Angeles failed to build enough housing, and working families have paid the price through soaring rents and astronomical housing costs." She added, "I came into City Hall to break that status quo, speed up construction, and make Los Angeles more affordable. One major step was launching the Citywide Housing Incentive Program, and today nearly 30,000 new homes are moving forward because of it."
The progress report highlights significant achievements, including record production of nearly 30,000 homes, with almost 40% of proposed units being income-restricted for 99 years. Over half of these units are located in higher-opportunity neighborhoods, and 90% of CHIP projects benefit from a streamlined approval process, reducing delays.
These efforts are part of broader initiatives by Mayor Bass to address housing dysfunction, including executive directives to accelerate 100% affordable housing, expand adaptive reuse, and implement permitting reforms. Her administration's focus on increasing housing supply has contributed to a decline in street homelessness in Los Angeles for two consecutive years.