There’s a big problem with most affordable housing in Los Angeles: It eventually flips to market rate. In the next year, 3,260 income-restricted apartments in Los Angeles County may no longer be affordable. In addition, affordability restrictions will expire for nearly 8,000 more such apartments in the next five to 10 years, according to a new report from the California Housing Partnership.
Service providers weigh in on potential solutions Tonight thousands of volunteers will begin an annual three-night count to determine how many people in Los Angeles are now experiencing homelessness. It’s a number that’s been steadily rising for the last half-decade—though not through a total lack of effort on the part of elected leaders and community members.
In California, the homelessness capital of the nation, affordable-housing developers have deluged the state with far more requests for tax-exempt bond money than the government can give, leaving some projects on hold. But a private-equity firm’s plan to build a passenger train to Las Vegas won’t have to wait.