Ryan Moayedi

[Ramin Ghaneeian @RaminGREP]

Mayor Karen Bass told real estate developers, via ED1, that 100% affordable housing projects are statutorily exempt from CEQA.

So, our team invested in land and design to get a 100% affordable housing project approved. The approval letter reiterated that the project was statutorily exempt from CEQA.

One week later, the city accepted a CEQA appeal for this project.

To date, I've yet to see Karen Bass' team do a single thing about it.

This project had no tenant displacement, is in a neighborhood with other infill apartment buildings of similar height, and is on a lot zoned for multifamily.

To be clear, our team WOULD NOT have invested in this land/project if not for Mayor Karen Bass' promise.

https://t.co/K4T3gfYZ5Y

@GavinNewsom @California_HCD @LAist

[Ryan Moayedi @MoayediRyan]

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[Ryan Moayedi @MoayediRyan]

@RaminGREP Incredible story, love the transparency and numbers you’re willing to share. Just curious, how long after your Hail Mary email did you close the second lot?

[Ryan Moayedi @MoayediRyan]

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