By City News Service
Feb 25, 2021
LOS ANGELES (CNS) - The Los Angeles City Council s Housing Committee voted today to advance a motion to explore enacting a rent freeze on residential units with expired or soon-to-expire affordability covenants like the one at Hillside Villa Apartments, which the city is hoping to purchase to prevent significant rent increases.
“The city is at risk of losing thousands of affordability housing units through the impending expiration of regulatory rent covenants. Regulatory covenants are recorded on a property to ensure the long-term affordability of units, often in return for a public subsidy or housing density bonus, Councilman Gil Cedillo s motion reads. “Many covenants are now reaching an expiration date, which would effectively remove the affordability requirements, and allow an owner to raise rents to market rate.
The Los Angeles City Council approved a motion today to direct all city departments to report on the feasibility of using land they own to create temporary or permanent homeless housing.
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By City News Service
Feb 16, 2021
LOS ANGELES (CNS) - The Los Angeles City Council voted today to have the city take steps to expand its program of purchasing affordable housing buildings to prevent rent increases and keep low-income individuals and families housed throughout the city.
The motion passed with 14 yes votes and one council member absent. By purchasing naturally affordable housing, the city can remove units from the speculative market, help insulate tenants from price increases and create housing for low-income families, stated the motion, which was introduced by Council President Nury Martinez. This is also an incredibly cost effective solution.
By City News Service
Feb 4, 2021
LOS ANGELES (CNS) - Los Angeles officials told the City Council today that they re making progress on initiatives to ease homelessness in the city.
Ann Sewill, general manager of the Housing and Community Investment Department, briefed the council on the status of Proposition HHH, which was approved by voters in November 2016 and was designed to increase supportive housing production from 300 units a year to 1,000 every year for 10 years.
Sewill said the city is working on 124 Proposition HHH-funded projects, with a total of 7,961 in the pipeline 961 more than the initial goal of 7,000. Those include: seven facilities, with 489 units, completed and occupied or have people moving in;