Finding and securing affordable housing in Los Angeles just got a little easier. The Los Angeles City Council passed a motion requiring developers and property managers to list all covenanted affordable housing units on the city’s website.
Over the last six years, the City of Los Angeles has increased its total affordable housing inventory by 14,000 units. A significant amount of the increased supply has come thanks to public incentives for private sector developers.
The Transit Oriented Communities Incentive Program and countless ‘density bonuses’ have allowed developers to significantly increase both the scale and profitability of their projects, in exchange for including some affordable housing units.
The new city requirements, spearheaded by 10th District Councilmember Mark Ridley-Thomas, are meant to ensure that residents displaced during the redevelopment process, as well as those in surrounding communities have a clear understanding of how to apply for the new units.
Through the city’s website, prospective tenants can find open and waitlisted affordable housing units, specific details on the units, contact information for the management company, and start the pre-application process.
The Council hopes that by making the pathway to securing affordable housing more transparent, low-income renters will be able to identify new housing opportunities across the city.
In addition to listing on the City’s website, the motion also calls for an open application process by stipulating that the qualified units must also be included on the property management’s leasing websites.
- First reported by Steven Sharp for Urbanize LA