November 27, 2009
Lawmakers agreed this month to spend an additional $11 billion on federal tax credits for home buyers, hoping to shore up a housing market that's awash in unsold properties. By contrast, affordable rental units remain in short supply, with the recession and tight credit markets putting a crimp in efforts to build apartments reserved for people with modest incomes. There are simple things Congress can do to ameliorate this situation, however, without borrowing billions more or increasing the government's involvement in the housing sector.
CALIFORNIA | LOCAL
May 24, 1989 |
The Los Angeles City Council on Tuesday approved in concept a sweeping set of plans to create badly needed affordable housing, including a fee to be paid by commercial developers into a housing fund. The watershed package of programs--ideas borrowed from several cities that are well ahead of Los Angeles in responding to skyrocketing housing costs--was approved 13 to 0 after some of its aspects were strengthened by the council. Show of Support The complex set of proposals received a surprising show of support, not only from council members but also from a wide range of advocates for the poor, housing experts, corporate leaders and commercial development representatives who spoke.
CALIFORNIA | LOCAL
September 8, 2009 |
Chris Jordan had just returned home from his paramedic job when he saw his local market aflame on Central Avenue in Watts, one of many targets that night in April 1992 when parts of the city exploded in riots after the Rodney King verdict. Now, on the site of that rubble, an affordable-housing complex has risen in what neighbors see as a sign of renewal for their beleaguered community. "It's like the phoenix rising from the ashes," said Jordan, executive director of Grant African Methodist Episcopal Church's nonprofit housing and economic development corporation.
September 14, 1997
The Southern California Assn. of Non-Profit Housing will present its ninth annual conference, "The Double Bottom Line: Producing Housing and Rebuilding Neighborhoods," on Sept. 26 at the Omni Hotel in downtown Los Angeles. The cost is $125. For more information, call (213) 480-1249.