Los Angeles: Skid Row In Hollywood

[Originally published by HousingOnline.com]


[editor’s note: I’ve been hired by HousingOnline.com–a building trade magazine–to be their roving urban correspondent, providing bimonthly articles on the financial and regulatory climates within different U.S. cities. Because they have a paywall, I’ll be republishing, with their permission, all articles in full on this blog.] 


Los Angeles, CA—Los Angeles is, by some metrics, America’s homeless capital. It has a county-wide nightly unsheltered population of roughly 82,000, including 13,000 who are chronically homeless. There is a broad understanding that building more supportive housing units, such as the kind financed by Low Income Housing Tax Credits (LIHTC), is needed to address this problem.… Read more

Read More

Measure S Would Grip Los Angeles In A Housing Shortage

[Originally published by Forbes]


Los Angeles, CA–The City of Angels is suffering from a housing shortage, to the point that median prices have risen into the rarefied air of $610,000. This trend has grown starker recently, with L.A.’s prices increasing by an astonishing $240,000 in just 5 years, leading to sudden spikes in homelessness and evictions. It might seem counter-intuitive, then, to pass a broad sweeping measure that would effectively ban new housing construction. But that is what residents could do if they vote “yes” on the upcoming Measure S…[read the rest at Forbes]… Read more

Read More