Oren Hadar @futureis.la · Feb 21

Only 9,411 new homes were submitted through CHIP's four big programs in year 1. Way less than the state's expectation that LA build ~60k homes per year. Worse, 95% of homes were submitted through the two programs (TOIA and AHIP) that are basically update/rebrands of existing programs (TOC and ED 1).

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Oren Hadar · Feb 21

And those rebranded programs did worse than their predecessors did in their first years. TOIA produced 30% of the homes TOC did in its first year, and AHIP produced 60% of ED 1. (Note: I ignored homes submitted using the state density bonus program - they should be counted separately from CHIP.)