• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

LA’s affordable housing crisis linked to recent spike in homelessness

From left: Mark Ridley-Thomas and Mayor Eric Garcetti (Credit: Office of Mayor Eric Garcetti)

From left: Mark Ridley-Thomas and Mayor Eric Garcetti (Credit: Office of Mayor Eric Garcetti)

Amid an affordable housing crisis and a growing homeless population, Mayor Eric Garcetti last year committed to building homeless shelters across Los Angeles. But his “A Bridge Home” program was met with fierce resistance from different neighborhoods, and from business and property owners who said the shelters would be too disruptive to their communities.

Just three shelters have been built, but the number of people living on the streets continues to multiply.

The homeless population now stands at 36,000 in the city, a 16-percent rise from the previous year, according to a new survey submitted to the county of Board of Supervisors. The L.A. Times first reported on the numbers. Countywide, the homeless population is 59,000, about a 12-percent increase.

“People need to understand the link between homelessness and housing affordability,” L.A. County Supervisor Mark Ridley-Thomas said, according to the Times.

L.A. County needs almost 517,000 more units of affordable housing to meet current demand, while renters need to earn triple the minimum wage to pay the median monthly rent, according to the California Housing Partnership.

Taxing its way out of the problem doesn’t seem to be the answer either. The $1.2 billion in bond money that the city raised to develop 7,000 units of permanent supportive housing for the homeless is draining fast, according to a recent report, with the funds only covering about half the units.

Other areas facing the homeless crisis include Orange County, which changed its counting method and reported a 43-percent jump from 2017. Ventura and San Bernardino counties also reported increases of 20 percent or more.

Gov. Gavin Newsom earlier this year proposed to double the amount the state spends on rental assistance and housing development. [LAT] — Gregory Cornfield

Powered by WPeMatico

  • 04 June 2019
  • The Real Deal
  • Uncategorized
  •  Like
Talk about Prime: Jeff Bezos pays $80M for spread at Manhattan condo tower →← Zach Aarons talks pouring gasoline on a proptech fire
  • Recent Posts

    • Hankey finances bargain-bin hotel buy near SF’s Union Square July 3, 2025
    • Industry group flails as CEQA adjustments hit California builders unevenly July 3, 2025
    • Orange County office tower sells for discounted $19M July 3, 2025
    • City to deploy $425M of “mansion tax” money in record spending plan July 3, 2025
    • SoCal resi market sees wave of deal cancellations continue July 2, 2025
  • Recent Comments

    • Archives

      • July 2025
      • June 2025
      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM