Developer Wins Lawsuit that Could Jeopardize Affordable Housing Plan Victory
Victory by Geoff Palmer Could Deal Precedent-Setting Blow to Villaraigosa’s Proposed Mixed Income Ordinance One of Downtown’s biggest developers has won a court case challenging the City’s affordable housing law. It could deliver a damaging and precedent-setting blow to Mayor Antonio Villaraigosa’s efforts to increase the city’s low-income rental housing stock.Geoff Palmer, known for his Italian villa-inspired apartment buildings in City West, sued the City in February 2007 to avoid having to include below-market rate rents in his upcoming 350-unit…