The City of Los Angeles argues that because "working families cannot afford to live near their jobs" laws must be changed to allow for mulit-family housing. Sounds good, right? But part of this proposition says "the housing does not have to be built"; AND wants Federal "impediments" removed to allow for "unrestricted permission for unfettered construction."
First of all, obviously this would allow for a huge density problem to occur at a time when the City is already suffering from traffic gridlock on the freeways and side streets; not enough mass transit; plus all the other infrastructure strains that "unrestricted and unfettered" would only compound.
Secondly, the city has just added a "density bonus" for developers that allows them to expand their projects when they include this type of affordable housing. And, the city requires most commercial housing projects to include 20%-30% affordable housing of this type.
And although it sounds good to provide "affordable housing for working families" the housing covered under this voter approved article is supposed to be for the elderly. That is why the City is restricted to two-story buildings with no more than 30 units. (It's not supposed to be for big families. Other programs handle that.) This was created for the elderly who had no where else to go. And this demand will be increasing as baby-boomers move into this age group.
AND REMEMBER...EVEN IF YOU FAVOR THIS HOUSING TO GO TO FAMILIES INSTEAD OF ELDERLY...WE HAVE LEARNED THE BIG REASON THIS IS ON THE BALLOT IS SO THAT RELATED COS & DUBAI ROYAL FAMILY (ARAB EMIRATES) DO NOT MISS OUT ON THEIR SHARE OF MILLIONS OF DOLLARS OF THIS MONEY FOR THEIR LUXURY, UPSCALE, CEMENT COMMERCIAL PARK AT GRAND AVENUE PROJECT.
CLICK HERE FOR Part 1!
More to Come...
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