Key Affordable Housing Proposal Advances

Key Affordable Housing Proposal Advances

By |2019-09-20T11:20:04-07:00September 20th, 2019|Advocacy|

LOS ANGELES (September 18, 2019) – The Los Angeles City Council voted today to advance a proposal that would charge a fee to landlords who are driving up the cost of housing in Los Angeles by keeping habitable housing units empty for investment purposes.

In a unanimous vote, the city council acted on legislation introduced by Councilmember Mike Bonin and his colleagues Marqueece Harris-Dawson, Paul Koretz and David Ryu, to formally instruct the Housing and Community Investment Department to work with the City Attorney to report to the council with options for creating a charge for landlords who keep housing units empty.

“Empty home penalties encourage landlords to make units more affordable, and they help raise needed funds to create more affordable housing,” Bonin said. “This is an important tool for addressing the affordable housing crisis in our neighborhoods, and it is a step we desperately need to take.”

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