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LA solved their low income housing shortage

Buster Keaton

Buster Keaton

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www.thecentersquare.com

CA bill to let LA buy fire-destroyed lots for low-income housing

(The Center Square) - The California Senate passed a bill to authorize a Los Angeles County “Resilient Rebuilding Authority" that could use public funds to "purchase lots at a fair
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CA bill to let LA buy fire-destroyed lots for low-income housing​

The California Senate passed a bill to authorize a Los Angeles County “Resilient Rebuilding Authority" that could use public funds to "purchase lots at a fair price for land banking," and "create open space." The bill would also allow municipal bodies to use property taxes to fund low-income housing and public transit. Senate Bill 549 now has a hearing in the state Assembly scheduled for Wednesday.

As a funding mechanism, the bill would allow the RRA for the Los Angeles wildfires to “Issue, receive, and administer funds, including, but not limited to, tax-increment financing, federal loans and grants, state loans and grants, and philanthropic grants, to support recovery.”

Comment:
No wonder they were not allowing the home owners to rebuild after the fire.
There will be a lot of litigation over this.
The Democrats will be destroying upper income neighborhoods.
They voted for this.
 
So this is more communist than what's normal for california. Basically they'll have central planning of construction, workforce training, and land acquisition. If by some miracle they succeed, it's also going to create huge inequality between those who live in the taxpayer subsidized units and those who have to pay the sky high market rents.
 
Buster Keaton said:
Comment:

The Democrats will be destroying upper income neighborhoods.
They voted for this.
Click to expand...

5,000+ homes lost in the Palisades
6,000+ homes lost in Altadena
c 340 homes lost in Malibu

Many older, modest homes in Altadena were lost.
Not all of the Palisades is uber expensive hillside homes. Apartment buildings were also lost in the fire, as well as homes in a large post-WW2 subdivision of modest lots (by Temescal Canyon).

Affordable housing is defined in SB 549, and based on percentages of the area’s median income.

The bill, still needing approval in the CA Assembly, will allow middle class families to remain in their neighborhoods. Altadena was home to families that had lived there for generations — their losses were extensively covered in our local news.

 
venice_ca said:
Affordable housing is defined in SB 549, and based on percentages of the area’s median income.
Click to expand...

See how slick they are? In high income areas, "affordable" can still mean completely unaffordable for working class or poor residents. It sounds like it's helping the poor, but the real goal is to keep the riffraff out of wealthy neighborhoods.
 
Dysfunctional CA fire management burned your home down and now they have the audacity to use it as a excuse to rezone your land to multi-family slum housing.
 
aociswundumho said:
See how slick they are? In high income areas, "affordable" can still mean completely unaffordable for working class or poor residents. It sounds like it's helping the poor, but the real goal is to keep the riffraff out of wealthy neighborhoods.
Click to expand...

You are assuming that there were no persons of modest means living pre-fire in the Palisades. You have excluded those residing in modest homes since pre RE boom times. Their incomes goes into the calculations for the area’s median income.

Again, you are completely ignoring Altadena; housing prices there are a far cry from the Palisades, thus lower incomes needed to live there.
 
Buster Keaton said:
www.thecentersquare.com

CA bill to let LA buy fire-destroyed lots for low-income housing

(The Center Square) - The California Senate passed a bill to authorize a Los Angeles County “Resilient Rebuilding Authority" that could use public funds to "purchase lots at a fair
www.thecentersquare.com www.thecentersquare.com

CA bill to let LA buy fire-destroyed lots for low-income housing​

The California Senate passed a bill to authorize a Los Angeles County “Resilient Rebuilding Authority" that could use public funds to "purchase lots at a fair price for land banking," and "create open space." The bill would also allow municipal bodies to use property taxes to fund low-income housing and public transit. Senate Bill 549 now has a hearing in the state Assembly scheduled for Wednesday.

As a funding mechanism, the bill would allow the RRA for the Los Angeles wildfires to “Issue, receive, and administer funds, including, but not limited to, tax-increment financing, federal loans and grants, state loans and grants, and philanthropic grants, to support recovery.”

Comment:
No wonder they were not allowing the home owners to rebuild after the fire.
There will be a lot of litigation over this.
The Democrats will be destroying upper income neighborhoods.
They voted for this.
Click to expand...
Why is anyone surprised. Democrats, liberals, progressives don't worry about average hard working middle class Americans. They are concerned with every far out fringe group at the expense of hard working folk. It is better to steal the land that families built their homes and raised their families on to now be used for illegals, the homeless, and force the once inhabitants of Pallisades to go elsehwhere. How? Just make it nearly impossible to rebuild with excessive costs and regulations. The mayor of LA and the Governor are all on board with this mess. Of course this is the result of Californians voting for crazy folks to run things.
 
dmpi said:
Dysfunctional CA fire management burned your home down and now they have the audacity to use it as a excuse to rezone your land to multi-family slum housing.
Click to expand...
www.gocalaveras.com

Calaveras County Fair & Jumping Frog Jubilee: Classic family fun

The Calaveras County Fair & Jumping Frog Jubilee features the famous Frog Jump competition inspired by Mark Twain's first international bestseller.
www.gocalaveras.com www.gocalaveras.com

Frog-Kid.jpg


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