Urban Fold

'Housing That Works' Plan Announced

Los Angeles Mayor Antonio Villaraigosa has announced that within the next five years, $5 billion will go to funding 20,000 new affordable homes near public transportation.

"Funded by a mixture of public sources-including the LA Housing Department, the LA Housing Authority, the LA Community Redevelopment Authority, Affordable Housing Trust Funds, and county, state, and federal funds-as well as private sector loans, the plan consists of broadly drawn proposals for an array of issues, from streamlining the city's entitlement and permitting processes, to providing housing for larger numbers of LA's homeless.

The plan includes a 'Sustainable Communities Initiative,' which will create 20 environmentally friendly neighborhoods near transit nodes. These mixed-use, multi-income developments are intended to link affordable housing for low- and middle-class workers with easier access to centers of employment.

Stuart Magruder, an architect and founder of the LA-based Studio Nova A, points out that the plan, reminiscent of the European model that locates people closer to where they work, shop, and go to school, is reliant on more effective transit systems than currently exists in Los Angeles. 'We've got to decide to go forward on all cylinders on both issues-developing denser communities and building more transit,' he said."

Full Story: Game Changer

Comments

Comments

High Cost for Affordable housing

Is it just me or is $250,00 per home seem like a lot for affordable housing?

Ray Quay

not in LA

but it depends who is being subsidized? The household median income for the LA area is about $60,000 which means with 10% down, the payment on this loan would be about $1,800 including some cash for taxes/insurance which is about 37% of the monthly income - about right. If it's intended for households well below the median income, it will be a squeeze, especially if they have no money to put down which is likely. Maybe the better question is why this population deserves a subsidy?

Not really

It's just L.A.

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."
$19.95
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95