Landlords are encouraging evictions by undergoing renovation (Credit: iStock) With rent prices rising and inventory at a premium, rent-stabilized apartments in Los Angeles are dwindling. Some landlords have gone to great lengths to push those rent-stabilized tenants out, in favor of market-rate renters. And though laws exist to curtail such unfair evictions, other landlords are […]
Skid Row conversion could add 95 affordable units
Coalition for Responsible Community Development President and CEO Mark Anthony Wilson, Jr and 803-821 E. 5th Street (Credit: Google Maps) A few weeks after securing funds for a project in South Los Angeles, the Coalition for Responsible Community Development is eyeing Skid Row. The nonprofit filed plans this week to convert three buildings on East […]
By the numbers: the affordable housing problem
In February, tenants and housing advocates protested against Luis Martinez of design firm Studioo 15 for evicting low-income families in Boyle Heights. Those on all sides of the housing issue can agree on one thing: California needs more homes that are affordable to rent. University of California, Los Angeles economist Jerry Nickelsburg said last year […]
Cypress Equity’s apartment project advances in Santa Monica
Cypress Equity Investments founder and CEO Michael Sorochinsky and the 53-unit project on Wilshire Boulevard (Credit: Cypress Equity Investments) The Santa Monica Planning Commission will vote Wednesday on a 40,400-square-foot mixed-use project on the city’s northeastern border with L.A. Cypress Equity Investments proposed the 53-unit apartment building with 5,418 square feet of commercial space at […]
LINC Housing takes on a stalled affordable development in Westlake
LINC President and CEO Rebecca F. Clark (Credit: Google Maps) The affordable developer LINC Housing has been active in Los Angeles, amid the city’s push to increase its inventory of lower-priced apartments. Now, LINC has joined up a stalled project project in Westlake-Historic Filipinotown. The Long Beach developer filed plans for a 64-unit project at […]
If at first…Revamped rent control question could hit ballot in 2020
Michael Weinstein (Credit: iStock) Last November, California voters handed a stinging defeat to Proposition 10, the initiative that would have opened the door to rent control statewide. Now, as affordability issues continue, the same force behind the failed ballot measure is hoping for a second chance. AIDS Healthcare Foundation is proposing a new measure that […]