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Housing Bonds

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OPINION
October 13, 2002
Bedraggled men bedding down on church steps for the night. A family shuttling between emergency shelters and short-term rentals. Addicts on Los Angeles' skid row. A couple with two children and stable jobs struggling to get out of a cramped rental into a home they can own. These are the varied faces of Californians who could be helped by Proposition 46, a $2.6-billion bond measure on the Nov.
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CALIFORNIA | LOCAL
June 21, 2008 | Patrick McGreevy, Times Staff Writer
A state panel has approved $30 million in housing bonds to improve the Figueroa Street area near Staples Center in downtown L.A. even though the initial application failed to show how the project would help provide affordable housing. The funding was approved Thursday night by the state's Local Assistance Loan and Grant Committee after the state allowed backers of the project to submit additional information.
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OPINION
December 13, 1998
In "Council Role in Playa Vista Housing Plan Draws Criticism" (Dec. 10) Councilman Richard Alatorre said: "Don't insult me by saying that affordable housing should only be built in South-Central or East L.A. In other words: Keep it there." The low-income housing is a sop thrown to the community by the Playa Vista gang in an effort to gain permission to destroy the wetlands and the Westside community for profit. We never said to keep affordable housing in South-Central or East L.A. We said to put Playa Vista's jobs there.
CALIFORNIA | LOCAL
June 14, 2008 | Patrick McGreevy, Times Staff Writer
State officials Friday earmarked $30 million in voter-approved housing bonds for a group with ties to Staples Center owner Philip Anschutz, for sprucing up the street next to his multibillion-dollar entertainment projects in downtown Los Angeles. Legislation governing access to the bond money, and tailored to Anschutz's purpose, passed just hours before lawmakers adjourned last year. The funds come from a pot of $2.
CALIFORNIA | LOCAL
July 11, 2000
Using $58 million in bonds, Anaheim will double the amount of housing targeted at low-income residents by the city. The City Council today is expected to approve the issuance of the bonds, representing about 15% of those approved by the state in a recent round of funding for low-rent housing projects. Orange County will issue a total of about $88 million in bonds, with Santa Ana, Buena Park and La Habra also receiving shares of the remaining $30 million for housing projects.
NEWS
December 22, 1994 | STEVE EAMES
The fallout from Orange County's financial woes has been felt in three Southeast-area cities that jointly sold $20 million in tax-exempt housing bonds last week. Hawaiian Gardens, Norwalk and Paramount had a tougher time selling the bonds and ended up paying more for them than anticipated because of the Orange County investment pool's troubles, said Richard Leahy, Paramount's assistant city manager.
CALIFORNIA | LOCAL
June 27, 1997 | DAWN HOBBS, SPECIAL TO THE TIMES
A proposal to issue $10 million in bonds for low- to moderate-income housing projects is expected to spark some disagreement at the City Council's meeting Monday. City Manager Bill Little has recommended the council issue $8 million in bonds to assist KDF Holdings in purchasing and renovating Park Glenn Apartments. Under the agreement, KDF would be responsible for paying back the debt on the bonds.
CALIFORNIA | LOCAL
January 21, 1986
Housing Bonds Approved: Two tax-exempt bond issues totaling $18.4 million have been authorized to finance new apartment projects. The Santa Ana Housing Authority approved the mortgage revenue bonds last week for loans on a 240-unit complex at 4210 West 1st St. and a 130-unit project at 1500 N. Harbor Blvd. Both developments will offer 20% of their apartments to low-income families.
CALIFORNIA | LOCAL
June 21, 2008 | Patrick McGreevy, Times Staff Writer
A state panel has approved $30 million in housing bonds to improve the Figueroa Street area near Staples Center in downtown L.A. even though the initial application failed to show how the project would help provide affordable housing. The funding was approved Thursday night by the state's Local Assistance Loan and Grant Committee after the state allowed backers of the project to submit additional information.
OPINION
October 19, 2002
The new Times eagle may look fierce and alert; however, I think he needs Lasik surgery on his left (or right?) eye ("Yes on Housing Bonds," editorial, Oct. 13). If Proposition 46 is so good, yet fuzzy, why am I supposed to vote to allow "special interest" groups access to funds that purport to assist "those in need" to find housing and apartments? Why can teachers and universities apply for these funds? Let them propose legislation just for teachers and university housing. No way am I voting for this measure when The Times doesn't put figures in its editorial regarding what the salary of a beginning teacher is (including perks)
CALIFORNIA | LOCAL
March 6, 2007 | Duke Helfand and Steve Hymon, Times Staff Writers
Four months after Los Angeles voters narrowly rejected a plan to borrow $1 billion for the construction of affordable housing, Mayor Antonio Villaraigosa declared Monday that he intends to try again as early as next February. Villaraigosa said he would peg the campaign to a presidential primary or general election because those tend to generate the highest turnout of voters sympathetic to the affordable housing issue.
CALIFORNIA | LOCAL
November 1, 2006 | Cara Mia DiMassa and Steve Hymon, Times Staff Writers
Los Angeles voters next week will consider the largest municipal housing bond in U.S. history, a $1-billion package that promises both to boost the supply of increasingly scarce affordable housing and force the city to rethink 60 years of land-use policy.
CALIFORNIA | LOCAL
October 15, 2006 | Steve Hymon, Times Staff Writer
Voters in the city of Los Angeles have three local ballot measures to consider on election day, including one that would ease term limits for the City Council and a $1-billion affordable housing bond proposal that would increase property tax bills. The third ballot measure would give the city more flexibility on where it builds fire stations.
CALIFORNIA | LOCAL
July 31, 2006 | Steve Hymon, Times Staff Writer
In July 1949, President Truman signed a landmark bill, the Housing Act, declaring it would provide "decent homes in wholesome surroundings for low-income families now living in the squalor of the slums." Ever since, governments at all levels have tried to fulfill that promise with an array of programs -- some successful, some not. The latest iteration of Truman's pledge came last week when the Los Angeles City Council voted unanimously to put a $1-billion housing bond measure on the Nov.
CALIFORNIA | LOCAL
July 27, 2006 | Steve Hymon, Times Staff Writer
In a move widely supported by housing advocates and the business community, the Los Angeles City Council unanimously voted Wednesday to place a $1-billion affordable-housing bond measure on the Nov. 7 ballot. The measure, if approved by two-thirds of city voters, would provide $750 million in grants and loans for developers to build affordable rental units and an additional $250 million for a loan program to help some workers in the city buy their first homes.
CALIFORNIA | LOCAL
July 13, 2006 | Duke Helfand, Times Staff Writer
A $1-billion bond measure that would help provide housing for thousands of low-income residents and enable others to become first-time homeowners is likely to appear on the Los Angeles ballot in November. The proposed bond measure, which could contribute financing for about 1,000 new affordable housing units annually over the next decade, was endorsed unanimously Wednesday by the City Council.
CALIFORNIA | LOCAL
December 4, 1985 | VICTOR MERINA, Times Staff Writer
Despite warnings that it would be subsidizing high-income renters, the Los Angeles City Council on Tuesday approved a plan to issue tax-exempt bonds to help finance construction of four rental housing projects that will cost more than $100 million to build.
NEWS
October 8, 1989 | DAN FISHER, Times Staff Writer
They had to stand in line for four days and then pay out the equivalent of more than one year's average wages apiece. In return, they received only the promise that sometime in the next four years, each will each have the chance to buy an unfinished wooden house for the going price at that time.
BUSINESS
June 20, 2006 | From the Associated Press
Wall Street pulled back sharply Monday as a lack of economic news left investors hesitant to buy stocks ahead of the Federal Reserve's interest rate decision next week. Falling commodity prices and some strength in the U.S. dollar eased the inflation picture, but weakness in oil- and metal-related stocks pulled the market lower. Investors also found little direction without any new economic data to feed speculation over whether the Fed will hike rates again at its two-day meeting June 28-29.
CALIFORNIA | LOCAL
October 27, 2005 | Richard Fausset and Steve Hymon, Times Staff Writers
Los Angeles Mayor Antonio Villaraigosa said Wednesday that he would work to put a $1-billion bond measure before voters to pay for more affordable housing. The measure, if it comes to fruition, has the potential to profoundly reshape housing policy in Los Angeles, where soaring prices have left more than 80% of families unable to buy a median-priced home.
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