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Asian American Communities Correspondent
More Asian Americans live in L.A. County than any other county in the U.S. The communities are varied and complex and often invisible in the mainstream media. I tell the stories of recent immigrants and families who have been here for generations to answer the question: How do you navigate the intersection of being Asian and American and what impact does that have on L.A.’s future?
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Stories by Josie Huang
City officials promise to pony up $10 million to leverage $50 million from a consortium of lenders to buy land for new affordable housing projects.
The Federal Reserve is poised to raise interest rates as early as next month. That would mean larger mortgage payments for homeowners.
Stagnant incomes and high real estate prices make LA more unaffordable than any other metropolitan area in the country. Only 46 percent of residents own a home.
Over the years, LA renters have fought for affordable housing in small neighborhood groups and sporadic protests. Now some are merging into a citywide tenants union.
Mayor Garcetti wants L.A. to collect lodging tax on Airbnb bookings, and use the money to build housing. A group of council members pressed pause on that idea Monday.
The contracts were signed years ago. They require landlords to give low-income tenants a deal on their rent. But thousands of them expire in the next few years.
The head of USC's Lusk Center for Real Estate takes a 1-year appointment advising HUD on housing finance.
The Apartment Association of Greater LA says renters haven't cut water use during the drought. They want LA officials to approve a plan to meter individual units.
"People who’ve been living downtown like myself for over 50 years can’t afford to live here no more," said one man who protested at a new luxury housing complex.
UCLA designers created a 500-square-foot pop-up home that can be mass produced. They want L.A. officials to approve a pilot program to put 500-1000 homes in backyards.
Cash sales make up 25 percent of real estate transactions here, compared to 34 percent nationally, says data firm CoreLogic. High prices have driven away flippers.
The assessed value of all property in LA County grew by more than 6 percent. Every city in the county saw property values increase.
The head of the California Housing Finance Agency wouldn't comment on why he was leaving, but an LA tenants' rights group claims they "shamed" him out of office.
Lois Rubin, 66, needed an affordable place to live. She rents a room from Shirley Ross, 95. As Baby Boomers retire and face high housing costs, the option works.
Councilmembers are pushing a plan that would give the city more say over the design of new subdivisions.