The maintenance of existing affordable housing units often falls through the cracks as funding programs target new construction.
An article in The Real Deal highlights the efforts of Los Angeles city leaders to preserve existing affordable housing units, thousands of which are set to sunset from affordability requirements in 2027. “California’s Affordable Housing Preservation Notice Law requires property owners intending to exit an affordability program, including subsidy contracts, regulatory agreements or covenants, to provide sufficient advance notice to impacted residents and their local government.”
According to the city, there are two avenues for preserving these affordable units: “The first includes addressing the cost of preserving affordability by paying the difference between the cost of rent at the time of covenant creation, and current market rate rents.” The second option is performing maintenance and upgrades on existing buildings to keep them livable.
“City officials have identified four potential funding sources to expand affordable housing preservation, including the federal HOME program, the state Permanent Local Housing Allocation (Senate Bill 2) and Linkage Fee funds.” One roadblock is that some programs, like HOME, direct funds toward new construction rather than the preservation of existing housing.
Read the full story: LA officials consider how to preserve affordable housing
Vacant downtown LA office building will be transformed into 512 affordable homes
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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LA residents may be allowed to paint their own crosswalks
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Dallas moves to overhaul its zoning code
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Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
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