There’s been a longstanding battle between commercial and nonprofit developers in Los Angeles. A package of housing bills has brought up numerous debates on how to tackle the crisis.
The bills include proposed charges on real-estate transactions to fund affordable housing, a $3-billion bond to fund affordable housing and cutting red tape to make way for new housing projects. More than half of L.A. residents pay over 30 percent of their income on housing, and the city has a goal to build more than 100,000 units for the homeless in the next 10 years. And while no one will argue that there’s a housing crisis in SoCal, approaches on how to solve the problem have created mounting tensions.
So what are the perspectives between for-profit and nonprofit developers in the future of housing in Los Angeles? Larry speaks to advocates from both sides today to see where they disagree and relate on the city’s housing crisis.
Alan Greenlee, executive director of Southern California Association of Non-Profit Housing, an organization that facilitates development of affordable homes across Southern California
Mott Smith, principal with Civic Enterprise Development, a mid-sized developing firm based in L.A., and adjunct professor in the USC Price School of Public Policy