09/23/2019

Canada’s Health-Care Queues

The Los Angeles City Council voted Wednesday to impose a new fee on development to raise millions of dollars a year for affordable housing as the city copes with rising rents and surging homelessness. . . .Michael Heslov, a developer who builds in neighborhoods including Westlake, Highland Park and Van Nuys, said “it’s more than likely” he’ll raise rents in future projects because of the fee. “It’s like anything else,” Heslov said. “If the cost of avocados goes up, it gets passed on to consumers.” . . . Despite the city’s support of a new revenue stream, the construction of affordable housing units in Los Angeles at times is slowed by bureaucratic delays and neighborhood opposition. For example, the city is still seeking to develop or sell eight city-owned properties to fund affordable housing, a plan announced in 2016.

View Article