A $20M fine stalks Los Angeles over delay of a new housing project
Los Angeles risks nearly $20 million in penalties for delaying approval of a major new housing development. State housing law officials issued a formal warning citing the city's ongoing obstruction of the project. The potential fines could burden local budgets and deter future builders from investing in LA.
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Summary written by Entrepreneurs Of Los Angeles. The original reporting belongs to HousingWire; we do not republish the article.