California Housing Partnership Southern California Director Paul Beesemyer and the William Mead Houses, a public housing project near DTLA Los Angeles County, like much of California, is in an affordable housing crisis with not enough new units coming online to meet demand. A new report highlights that fact, showing that landlords in the county have […]
Wall Street, Seeking Big Tax Breaks, Sets Sights on Distressed Main Streets
Hedge funds and other wealthy investors are plowing money into so-called opportunity zone funds, a creation of the 2017 tax law that provides incentives for spending on projects in poor areas. Source: NYT > Business – MATTHEW GOLDSTEIN and JIM TANKERSLEY
Five plans win contest to build better homeless housing
Phil Ansell, head of the L.A. County Homeless Initiative and a rendering of one of the winning ideas from LifeArk (Credit: LifeArk) Los Angeles officials have announced the winners of a challenge to create ways to build housing units more efficiently to alleviate the homeless population in the region. Five applicants were awarded $4.5 million […]
LA asks developers for help in devising cost-effective affordable housing
A rendering of an under-construction FlyawayHomes prefab project in South LA and LA City Hall (Credit: Wikipedia) The city’s latest plan to house the homeless: ask developers for their ideas. The Los Angeles City Council set aside $120 million from a bond measure for a program to explore cost-effective ways to create 1,000 affordable housing […]
Gov. Newsom takes shot at NIMBYs with Huntington Beach lawsuit
Governor Gavin Newsom and Huntington Beach (Credit: Getty Images and iStock) California’s new governor has fired off a lawsuit against a defiant Southern California city, proving he is wasting no time in his ambitious goal to build 500,000 new homes per year. Less than a month into office, Gov. Gavin Newsom has directed the state […]