Garcetti pushing fees that could raise $100 million for affordable housing
9 years, 4 months ago

Garcetti pushing fees that could raise $100 million for affordable housing

LA Times  

Los Angeles Mayor Eric Garcetti says the city is launching a study of how new fees on developers could help pay for affordable housing. Los Angeles Mayor Eric Garcetti announced Friday that he wants to impose new fees on developers that could raise more than $100 million a year to subsidize affordable housing in L.A., where residents are struggling with runaway rents and home prices. Speaking at a conference at UCLA hosted by the Los Angeles Business Council, Garcetti said his administration will lead an effort to levy so-called “linkage fees” based on the size of new projects in the city. peter.jamison@latimes.com Twitter: @petejamison ALSO: FEMA urges Californians to buy flood insurance before El Nino Gun rights supporters, county sheriffs sue L.A. over ammunition rules Developers can be required to include affordable housing, California high court rules

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History of this topic

In L.A. County, price-gouging landlords could soon face fines of $50,000
1 month, 2 weeks ago

In L.A. County, price-gouging landlords could soon face fines of $50,000

LA Times  

A resident surveys the remains of her apartment building, which was destroyed by the Palisades fire. Los Angeles County supervisors want to raise the stakes for post-wildfire price gouging, hammering landlords who dramatically hike rents with fines of up to $50,000. Barger, whose district includes Altadena, said she wants to go further, contending that predatory landlords across L.A. County should …

California attorney general charges L.A.-area real estate agent with price gouging in wake of wildfires
2 months ago

California attorney general charges L.A.-area real estate agent with price gouging in wake of wildfires

LA Times  

“May this announcement serve as a stern warning to those who would seek to further victimize those who have lost everything,” said California Atty, Gen. A real estate agent in La Cañada Flintridge is facing criminal charges for allegedly raising the price of a rental property by 38% after the devastating wildfires in Los Angeles, California Atty. “DOJ is aggressively …

Editorial: California housing prices are too damn high. Cities can help change that if they want to
5 years ago

Editorial: California housing prices are too damn high. Cities can help change that if they want to

LA Times  

The cost of building new housing in California is too damn high. And one reason is all the pricey development fees layered on new apartments, single-family homes and even affordable housing projects. Grayson’s new bills include proposals limiting a city’s or county’s fees to 12% of the median price of homes sold there and requiring the state to reimburse cities …

L.A. City Council approves development fee to raise money for affordable housing
7 years, 3 months ago

L.A. City Council approves development fee to raise money for affordable housing

LA Times  

The Los Angeles City Council voted Wednesday to impose a new fee on development to raise millions of dollars a year for affordable housing as the city copes with rising rents and surging homelessness. A city report released this year said L.A. “missed a tremendous opportunity for a robust linkage fee with the recent construction growth.” L.A.’s action follows state …

California starts tackling huge affordable housing shortage
7 years, 5 months ago

California starts tackling huge affordable housing shortage

Associated Press  

SAN FRANCISCO — Gov. Senate leader Kevin de Leon and Los Angeles Mayor Eric Garcetti, both Democrats, were among a throng of lawmakers and housing advocates who cheered Brown on the manicured lawn of a San Francisco affordable housing complex in Hunter’s Point, an impoverished, crime-ridden neighborhood the city hopes to transform over the next decade into an affordable housing …

L.A. City Council approves surge in homeless spending in $8.76-billion budget
8 years, 10 months ago

L.A. City Council approves surge in homeless spending in $8.76-billion budget

LA Times  

The Los Angeles City Council on Thursday voted unanimously to adopt Mayor Eric Garcetti’s proposed $8.76-billion budget for the coming fiscal year, signing off on a plan that includes dramatic increases to spending on housing and services for the city’s growing homeless population. Councilman Paul Krekorian, chairman of the city’s Budget and Finance Committee, said in a statement that the …

Mayor Garcetti signs measure to boost L.A.’s minimum wage to $15 by 2020
9 years, 9 months ago

Mayor Garcetti signs measure to boost L.A.’s minimum wage to $15 by 2020

LA Times  

Mayor Eric Garcetti, left, raises arms with City Council President Herb Wesson, center, and Councilman Curren Price before signing into law L.A.’s plan to raise its minimum wage. Promising to provide relief for families enduring “back-breaking poverty,” Los Angeles Mayor Eric Garcetti on Saturday signed into law a measure raising the citywide minimum wage to $15 by 2020. Laphonza Butler, …

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