Co-published by International Business Times
In California’s recent legislative “grand compromise” of an affordable housing package, developers got subsidies for building and a streamlined path to construction. It’s hard to see what they gave up in the exchange.
Renters across the country are having an increasingly difficult time keeping a roof over their heads, with Californians who search for affordable housing finding the task a particularly challenging one.
“It’s raining! It’s pouring! Evictions are soaring!” chanted the small but defiant crowd on the corner of Vermont and Franklin avenues in Los Angeles’ gentrifying Los Feliz neighborhood. Holding signs reading, “Honk if your rent is too high” and “Where will you go when you can’t afford your neighborhood?” the demonstrators had come to protest […]
It’s just after dusk on a recent Friday in Los Angeles and already the streets of Los Feliz Village are bumper-to-bumper with the inflow of weekend diners, cocktail loungers and movie- and theatergoers along its main drag, Vermont Avenue. Apart from being a nightlife hub, the neighborhood boasts highly rated public schools, a very good […]
Thanks to the determined efforts of tenant activists and area residents, real estate developer Matthew Jacobs’ plan to demolish eight affordable housing units in the Fairfax District and replace them with “luxury” living accommodations has been put on hold—for now. Jacobs (who recently resigned from his chairman post at the California Housing Finance Agency), his […]
Steven Luftman did not have much to feel good about last Tuesday as he stood in the TSA line before catching a flight from Sacramento to Los Angeles. After all, he was in the process of being evicted from his Fairfax District rental under the state’s Ellis Act, a law that speculators often use to kick […]
The mass Ellis Act evictions and planned demolition of rent-controlled housing in Beverly Grove is a tragedy. Tenants and their supporters continue to protest, generating strong media coverage over the evictions being carried out by Matthew Jacobs, Chairman of the California Housing and Finance Agency. The agency’s mission is to “[support] the needs of renters and homebuyers by providing […]
As it states on its website, “for more than 35 years, the California Housing Finance Agency (CalHFA) has supported the needs of renters and home buyers by providing financing and programs that create safe, decent and affordable housing opportunities for low to moderate income Californians.” But now some apartment dwellers in Beverly Grove and the […]