L.A. City Council Committee to Consider Seismic Retrofitting Fund

Two men inspect damage to cars and apartment complex after Northridge earthquake, on January 21, 1994, in Canoga, California. (Photo credit: Getty Images)

LOS ANGELES (CNS) - A Los Angeles City Council committee today will consider a proposal to assist property owners in financing costly seismic retrofits required by law in roughly 15,000 buildings.

The city passed an ordinance in 2015 requiring the retrofitting, but the high up-front costs can cause enormous financial strain on property owners and prevent its implementation, says a motion introduced by Councilman Mitchell Englander and scheduled to be examined by the Budget and Finance Committee.

Retrofitting can cost upward of $130,000 for wood-frame buildings, the Los Angeles Times has reported, and millions of dollars for larger concrete buildings. The city does have programs that focus on cost recovery for owners, but there are no programs that provide upfront financial assistance, according to the motion.

When Mayor Eric Garcetti signed the 2015 ordinance into law, it gave Los Angeles the nation's strongest earthquake safety rules. It applies to roughly 15,000 older buildings considered vulnerable in major earthquakes, including 13,500 wood-framed ``soft-story'' buildings with weak lower floors, such as multi-story apartments with tuck-under parking spaces, and an estimated 1,500 vulnerable concrete buildings.

Under the ordinance, seismic retrofits of wooden structures must occur within seven years, and retrofits of concrete buildings, within 25 years, with certain benchmarks to be met along the way.

The ordinance targets buildings constructed prior to the enactment of seismic building standards, which include pre-1978 soft-story wooden buildings and concrete buildings with permits dating back to before Jan. 13, 1977.

Once the work is completed, an owner can recover 50 percent of the cost through the city's Seismic Retrofit Program, but if the work cannot be completed within the time frame, then the building must be demolished, which could affect the city's effort to maintain as much of its affordable housing as possible at a time of rising homelessness and spikes in the cost of renting or owning a home.

A possible source of funding for the program could be the city's Affordable Housing Trust Fund, according to the motion. The fund has been depleted in recent years due to cuts in federal funding, but it could benefit from a windfall by next year as a result of the City Council and Mayor Eric Garcetti signing off late last year on a linkage fee for developers that is predicted to generate about $100 million annually for the fund.

``Providing assistance to property owners required to seismically secure their buildings would directly prevent the loss of the city's already limited and valuable affordable and rent-stabilized housing stock,'' the motion says.

The motion would direct various city departments to evaluate the feasibility of a loan program geared toward assisting property owners in financing building seismic retrofit requirements. It would also provide recommendations for structuring the initial program framework.


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