Unaffordable housing by Ray Calnan/LAist With all the recent hype about problems affording homes in Los Angeles and several of the Council members endorsing a plan to keep housing affordable, it appears that the City supports home ownership. However, in an email sent to mortgage brokers, the City has indicated that it will be discontinuing the down payment assistance programs that have been getting a lot of use recently. The standard problem of lack... [continue]

With all the recent hype about problems affording homes in Los Angeles and several of the Council members endorsing a plan to keep housing affordable, it appears that the City supports home ownership. However, in an email sent to mortgage brokers, the City has indicated that it will be discontinuing the down payment assistance programs that have been getting a lot of use recently. The standard problem of lack of funds is cited. When reading... [continue]

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