Billionaire Developer Loses Lawsuit that Sought to Overturn His Requirement to Build Affordable Housing
Billionaire Geoff Palmer Sued the City for Having to Include Some Affordable Housing Units While His Company Builds 1,000s of Units in San Diego.
By Dorian Hargrove / CBS8 / January 22, 2026
A Los Angeles landlord who owns more than 15,000 units in Southern California and is set to build more than 2,500 apartments in San Diego has lost his lawsuit seeking to get out of including affordable housing units in his projects.
According to court documents obtained by CBS 8, on Jan. 16, a federal judge dismissed billionaire Geoff Palmer’s lawsuit, which claimed the city’s inclusionary affordable housing rules were unconstitutional and akin to the government seizing private property.
Currently, Palmer’s company, G.H. Palmer, is finishing a 1,642-apartment project on Convoy Street in Kearny Mesa and is waiting to build nearly 1,000 additional units at a separate project in Grantville.
In Dec. 2022, before construction began on the Kearny Mesa project, Palmer’s company requested that the city exempt the project from the City’s Inclusionary Affordable Housing Requirement. The program required Palmer to set aside 10% of the units, or 164 in the case of the Kearny Mesa development, or to pay “in lieu of fees” for opting out.
The city denied Palmer’s request.
In Sept. 2023, Palmer sued the city, alleging the law was unconstitutional and violated private property safeguards.


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