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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

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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

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