Why Downtown Los Angeles?
"The area features many of the city's major arts institutions and sports facilities, sightseeing opportunities, a variety of skyscrapers and associated large multinational corporations and an array of public art and unique shopping opportunities. Downtown is the hub of the city's freeway network and Metro rapid transit system." -Wikipedia
"The area features many of the city's major arts institutions and sports facilities, sightseeing opportunities, a variety of skyscrapers and associated large multinational corporations and an array of public art and unique shopping opportunities. Downtown is the hub of the city's freeway network and Metro rapid transit system." -Wikipedia
The Downtown Center Business Improvement District (DCBID) is a coalition of Downtown property owners,
encompassing a 65-block district in the heart of Downtown that funds safe-and-clean programs, economic
development programs, and extensive marketing to support Downtown businesses.
Incentives for Housing
Downtown Adaptive Reuse Project
Adaptive Reuse Incentives can be applied for any change of an existing Non-Residential Use to new dwelling units, guest rooms, or joint living and work quarters in all or any portion of any eligible building. The purpose of the Downtown Adaptive Reuse ordinance is to revitalize the Greater Downtown Los Angeles Area and implement the General Plan by facilitating the conversion of older, economically distressed, or historically significant buildings to apartments, live/work units or visitor-serving facilities. This will help to reduce vacant space as well as preserve Downtown's architectural and cultural past and encourage the development of a live/work and residential community Downtown, thus creating a more balanced ratio between housing and jobs in the region's primary employment center. This revitalization will also facilitate the development of a "24-hour city" and encourage mixed commercial and residential uses in order to improve air quality and reduce vehicle trips and vehicle miles traveled by locating residents, jobs, hotels and transit services near each other.
Adaptive Reuse Incentives can be applied for any change of an existing Non-Residential Use to new dwelling units, guest rooms, or joint living and work quarters in all or any portion of any eligible building. The purpose of the Downtown Adaptive Reuse ordinance is to revitalize the Greater Downtown Los Angeles Area and implement the General Plan by facilitating the conversion of older, economically distressed, or historically significant buildings to apartments, live/work units or visitor-serving facilities. This will help to reduce vacant space as well as preserve Downtown's architectural and cultural past and encourage the development of a live/work and residential community Downtown, thus creating a more balanced ratio between housing and jobs in the region's primary employment center. This revitalization will also facilitate the development of a "24-hour city" and encourage mixed commercial and residential uses in order to improve air quality and reduce vehicle trips and vehicle miles traveled by locating residents, jobs, hotels and transit services near each other.
If a property does not meet provisions for Adaptive Reuse as per section 12.22 of the ordinance, we would then file for a ‘Conditional Use’ by re-zoning or a Variance. Inspector will view property first hand. The plan check is a long process and Inspector needs to ok all. If property can qualify for an “Express Permit” then we do not need the above steps.
Downtown Strategic Plan (DSP)
Set forth a program for attracting new investments for jobs, housing, tourism and entertainment, industry and commerce for Downtown Los Angeles. CRA/LA is currently working with the Mayor’s Economic Development Committee.
Set forth a program for attracting new investments for jobs, housing, tourism and entertainment, industry and commerce for Downtown Los Angeles. CRA/LA is currently working with the Mayor’s Economic Development Committee.
The Enterprise Zone Act and the Employment and Economic Incentive Act
Special tax incentives are available for entities and individuals that operate or invest in a business located within designated Enterprise Zones or Program Areas.
Special tax incentives are available for entities and individuals that operate or invest in a business located within designated Enterprise Zones or Program Areas.
Business Grants & Loan Programs
CRA/LA provides financial assistance to businesses and others by offering grant and loan programs in many of its project areas. These programs are established on a project area by project area basis depending upon available funding and specific needs within each respective community.
CRA/LA provides financial assistance to businesses and others by offering grant and loan programs in many of its project areas. These programs are established on a project area by project area basis depending upon available funding and specific needs within each respective community.
Downtown Region Commercial Facade Program
This program is available to property owners and long-term tenants for improvements to the exterior of commercial properties. Improvements include restoration, rehabilitation or replacement of storefronts, signs and general repair. The Commercial Facade Improvement program provides funds which can vary from $25,000 per address/storefront in some areas to $250,000 per address/store in other areas, but it requires that the recipient of the grant enter into an agreement with the Agency to show a commitment to maintain the improvements in sound, clean and graffiti-free condition for a period of ten years, and requires a dollar for every two dollars the Agency puts in.
The programs provide grants and matching conditional loans to tenants of occupied and unoccupied commercial spaces to rehabilitate existing buildings. The Commercial Improvement Program helps improve the physical appearance of individual businesses and commercial buildings. The Facade Improvement Program offers loans from $25,000 up to $125,000. Additional grants for architectural assistance in certain project areas may also be available. Building rehabilitation, including expansion of existing structures or new construction, is another offering.
The primary goal is to address blighted physical conditions in order to retain and expand commercial businesses; attract lucrative private sector investment in the retail, cultural and entertainment arenas; and increase economic development.
This program is available to property owners and long-term tenants for improvements to the exterior of commercial properties. Improvements include restoration, rehabilitation or replacement of storefronts, signs and general repair. The Commercial Facade Improvement program provides funds which can vary from $25,000 per address/storefront in some areas to $250,000 per address/store in other areas, but it requires that the recipient of the grant enter into an agreement with the Agency to show a commitment to maintain the improvements in sound, clean and graffiti-free condition for a period of ten years, and requires a dollar for every two dollars the Agency puts in.
The programs provide grants and matching conditional loans to tenants of occupied and unoccupied commercial spaces to rehabilitate existing buildings. The Commercial Improvement Program helps improve the physical appearance of individual businesses and commercial buildings. The Facade Improvement Program offers loans from $25,000 up to $125,000. Additional grants for architectural assistance in certain project areas may also be available. Building rehabilitation, including expansion of existing structures or new construction, is another offering.
The primary goal is to address blighted physical conditions in order to retain and expand commercial businesses; attract lucrative private sector investment in the retail, cultural and entertainment arenas; and increase economic development.
Downtown Center BID involvement.
A business improvement district is a geographically defined area within the City of Los Angeles, in which services, activities and programs are paid for through a special assessment which is charged to all members within the district in order to equitably distribute the benefits received and the costs incurred to provide the agreed-upon services, activities and programs. Because the assessment funds collected in a given district cannot legally be spent outside of that BID, the City creates a trust fund for each BID, with funds periodically released to support operations.
A business improvement district is a geographically defined area within the City of Los Angeles, in which services, activities and programs are paid for through a special assessment which is charged to all members within the district in order to equitably distribute the benefits received and the costs incurred to provide the agreed-upon services, activities and programs. Because the assessment funds collected in a given district cannot legally be spent outside of that BID, the City creates a trust fund for each BID, with funds periodically released to support operations.
LADWP Green Building Incentive
builders and developers can take advantage of the LADWP Green Building Incentive that offers up to $250,000 in financial incentives to assist a building in becoming more green and meeting LEED standards.
The Los Angeles Department of Water and Power Board of Commissioners, who are appointed by the Mayor, adopted a policy that established cash incentives for commercial developments. Builders and developers can take advantage of the LADWP Green Building Incentive that offers up to $250,000 in financial incentives to assist a building in becoming more green and meeting LEED standards.LADWP offers rebates for replacing lighting, refrigeration and HVAC equipment on existing buildings.
builders and developers can take advantage of the LADWP Green Building Incentive that offers up to $250,000 in financial incentives to assist a building in becoming more green and meeting LEED standards.
The Los Angeles Department of Water and Power Board of Commissioners, who are appointed by the Mayor, adopted a policy that established cash incentives for commercial developments. Builders and developers can take advantage of the LADWP Green Building Incentive that offers up to $250,000 in financial incentives to assist a building in becoming more green and meeting LEED standards.LADWP offers rebates for replacing lighting, refrigeration and HVAC equipment on existing buildings.
LEED Incentive Programs
Many local governments have adopted LEED incentive programs. Program incentives include tax credits, tax breaks, density bonuses, reduced fees, priority or expedited permitting, free or reduced-cost technical assistance, grants and low-interest loans.
Many local governments have adopted LEED incentive programs. Program incentives include tax credits, tax breaks, density bonuses, reduced fees, priority or expedited permitting, free or reduced-cost technical assistance, grants and low-interest loans.
Links:
Invest LA Video
Community Development Department
State Enterprise Zone Tax Credits
FTB Enterprise Zone Forms
The California Technology, Trade and Commerce Agency
Interactive Downtown Map
Details about downtown neighborhoods
BIDs of Downtown
Invest LA Video
Community Development Department
State Enterprise Zone Tax Credits
FTB Enterprise Zone Forms
The California Technology, Trade and Commerce Agency
Interactive Downtown Map
Details about downtown neighborhoods
BIDs of Downtown
Business Improvement Districts
