Housing Our City. Presentation to Congress of Neighborhood Councils September 16, 2006. A Housing Crisis in our City?. There are roughly 48,000 homeless men, women and children in the City of Los Angeles on any given night.
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Housing Our City Presentation to Congress of Neighborhood Councils September 16, 2006
A Housing Crisis in our City? • There are roughly 48,000 homeless men, women and children in the City of Los Angeles on any given night. • Less than 2% of the homes sold in Los Angeles during the past three months were affordable to median income earners. • 65% of Los Angeles renters cannot afford rent on a 2-bedroom apartment at Fair Market Rent. (An income of $47,560 is needed to afford $1,189/month.) • Many working families live in overcrowded and unsafe buildings which strain infrastructure and contribute to neighborhood blight. • Angelenos who want to own homes are forced to live long distances from their jobs in order to afford homeownership. Longer commutes increase traffic and pollution.
Housing Production Not Keeping Pace with Population Growth +209,422 3.7 Million 35,600 Total Housing Permits Approved1990-2000 Los Angeles Population Increase 1990-2000
Not Just A Housing Shortage Overcrowding Long Commutes Rising Home Prices Higher Rents
Who Can Afford Housing in Our City? Los Angeles Housing Wage: Renters in City of LA $27.42/hour $57,040/year Homebuyers in City of LA $70.68/hour $147,018/year Source: “Out of Reach 2006”, SCANPH Report
Rents Out of Reach Waiters $17,216/year Office Clerk $26,311/year Social Workers $39,346/year Electricians $49,829/year Clergy $52,237/year
Homeownership Out of Reach High School Teacher $60,537/year Firefighters $66,307/year Patrol Officers $67,693/year Registered Nurses $67,775/year Pharmacists $95,280/year
Living Paycheck to Paycheck Pay Check to Pay Check: Los Angeles Rental Market 2005 Fair Market Rent: 1BR $900, 2BR $1124 Copyright 2000-2006 Center for Housing Policy
What is Affordable Housing? • What makes housing “affordable” is a healthy ratio of housing cost to household income, generally accepted as 30%. • But 65% of L.A. renters spend more than 50% of their income on rent.
What is Affordable Housing? The Fair Market Rent for a two-bedroom apartment in Los Angeles is $1189. At current rents, a family earning minimum wage would have to work a 135-hour week to foot the bill for a mean-priced two-bedroom rental.
What is Affordable Housing? Affordable Housing not only improves people’s lives, it also improves neighborhoods.
St. Andrew Bungalow Court 1514-44 N. St Andrews in Council District 13. BEFORE
St. Andrew Bungalow Court 1514-44 N. St Andrews in Council District 13. AFTER
Views at 270 • Views at 270 is a 56 unit Large Familymixed use development project located at Sunset Blvd. and Western Avenue in Council District 13.
Palomar Apartments • Palomar is a 27 unit Senior & Family affordable housing rehabilitation project, located at 5473 Santa Monica Blvd. in Council District 13.
Skyline Village Apartments • Skyline Village Apts. is a 73 unit new construction affordable housing project, located at 420 Lucas Avenue, in Council District 1.
Skyline Village Apartments Courtyard
The Asbury Apartments • The Asbury Apts. is a 97 unit Senior & Family affordable housing rehabilitation project, located at 2500-2504 W. 6thSt. in Council District 01.
The Asbury Apartments Lobby
Allesandro Apartments • The Allesandro is a new construction project of 18 Special Needs units located at 1934 Alessandro St. in Council District 13.
Next Steps How can Neighborhood Councils be involved in helping solve the housing crisis in Our City?