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LA Is Falling Far Short Of Its Goals On Middle-Class Housing Development
A sign advertising an apartment for rent is displayed in front of an apartment building July 8, 2009 in San Francisco, California.
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LA Is Falling Far Short Of Its Goals On Middle-Class Housing Development
The city of Los Angeles is falling far short of its goals when it comes to low-income housing development. Only about 20 percent of the new units needed for low and very-low income residents are actually getting built.
But the city is doing an even worse job on housing for the middle class. Developers have only built 3% of the new housing needed for moderate-income residents, meaning those who earn between about $42,000 and $63,000 per year.
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But the game has changed: Congress voted to eliminate funding for public media across the country. Here at LAist that means a loss of $1.7 million in our budget every year. We want to assure you that despite growing threats to free press and free speech, LAist will remain a voice you know and trust. Speaking frankly, the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news in our community.
We’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission.
Thank you for your generous support and belief in the value of independent news.
Senior Vice President News, Editor in Chief
