The idea that new development results in rising costs for renters in the surrounding neighborhood drives a new effort in Los Angeles.
"The Los Angeles City Council voted today to lay the groundwork for creating 'anti-displacement zones' around new market-rate or 'luxury' residential buildings that contain no affordable units," reports Bianca Barragan.
"The vote directs the city’s housing and community investment department, city planning, department, and the city attorney’s to draft an ordinance that would put in place a battery of protections aimed at helping renters in a one-mile radius around new developments," adds Barragan.
The action makes official an idea put forward an idea put forward by L.A. City Councilmember Herb Wesson in September.
More details on how the proposed ordinance would work are available in the source article.
Read the full story: LA proposes putting ‘anti-displacement’ zones around luxury development
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