A $20M fine stalks Los Angeles over delay of a new housing project

By: Richard Lawson

On: November 2, 2026, 4:51 pm EST

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Developer counsel says denial violates AB 2011 and the Housing Accountability Act and argues for damages for missed deadlines

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Alta Developers CEO Raimundo Onetto, whose company secured the Alta New River construction loan. Official company portrait, full head and face retained.

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