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 […]