LA’s affordable housing problem

L.A.’s real housing problem

Los Angeles, a city where 63.1% of residents rent their homes, is in the midst of a crisis in rental housing.

Op Ed in the Los Angeles Times Feb 4, 2013 by Raphael Bostic and Tony Salazar

The Op Ed by Bedrosian Center Director, Raphael Bostic and Tony Salazar of McCormack Baron Salazar was picked up in an aggregate news feed from the MacArthur Foundation:

Policy Roundup
Commentary: Next mayor must address LA’s housing problems
Apartment supply is inadequate in Los Angeles, and high demand has driven up prices while incomes have not kept pace, write Raphael Bostic of USC’s Bedrosian Center on Governance and Tony Salazar of McCormack Baron Salazar. The city’s next mayor must address the affordable-housing shortage, foreclosure issues and homelessness, they write. Creating a dedicated source of funding for affordable housing and planning carefully around new transit stations are part of the solution, they add. Los Angeles Times (tiered subscription model)

MacArthur Foundation: Housing Matters SmartBrief Feb 7, 2013