New Affordable Housing Projects On the Horizon in 2018
But Will They Be Enough for L.A.?
Karen Jordan
Affordable housing is expected to get a boost this new year with the expected groundbreaking of eight affordable housing projects as a result of funding form Measure HHH.
Buying and Renting in the New Tax-World Economy
Barbara Ballinger
With changes in the new tax plan passed by Congress, many who own their home or have investment properties are carefully reading the provisions to see how they will affect their finances. Here’s a quick synopsis of points to ponder:
The City Council voted unanimously on Wednesday, Dec. 13, to levy a new fee on developers in order to spur more affordable housing.
The “linkage fee” is expected to collect about $104 million each year, which will go toward both preserving existing affordable housing covenants (which lock in subsidized rents on a property) and creating new low-income housing.
The effort was pushed by Mayor Eric Garcetti and 14th District City Councilman José Huizar, whose district includes much of Downtown.
Laura Russo is just the kind of voter the Republicans need, but the party's proposed tax overhaul, which includes limits on the deductions for mortgage interest, state taxes and property taxes, is pushing her away.
"I would be dramatically affected," she said. An airline pilot and single mother of two, she says that like many in her affluent Loudoun County, Virginia, neighborhood she stretched to buy her home. She fears it will become harder to sell that house or pay her other tax bills if President Donald Trump signs the plan into law.
SACRAMENTO, Calif. (Reuters) - Laura Russo is just the kind of voter the Republicans need, but the party's proposed tax overhaul, which includes limits on the deductions for mortgage interest, state taxes and property taxes, is pushing her away.
"I would be dramatically affected," she said. An airline pilot and single mother of two, she says that like many in her affluent Loudoun County, Virginia, neighborhood she stretched to buy her home. She fears it will become harder to sell that house or pay her other tax bills if President Donald Trump signs the plan into law.
Tough break, New Jersey.
SACRAMENTO, Calif. (Reuters) - Laura Russo is just the kind of voter the Republicans need, but the party's proposed tax overhaul, which includes limits on the deductions for mortgage interest, state taxes and property taxes, is pushing her away.
"I would be dramatically affected," she said. An airline pilot and single mother of two, she says that like many in her affluent Loudoun County, Virginia, neighborhood she stretched to buy her home. She fears it will become harder to sell that house or pay her other tax bills if President Donald Trump signs the plan into law.
Laura Russo is just the kind of voter the Republicans need, but the party's proposed tax overhaul, which includes limits on the deductions for mortgage interest, state taxes and property taxes, is pushing her away.
"I would be dramatically affected," she said. An airline pilot and single mother of two, she says that like many in her affluent Loudoun County, Virginia, neighbourhood she stretched to buy her home. She fears it will become harder to sell that house or pay her other tax bills if President Donald Trump signs the plan into law.
A few months back, we created an explainer to answer two questions: How bad is California’s housing crisis, and how did it get so bad? We tried to cover as much ground as possible—from affordable housing funding to Proposition 13 to why no one else in your apartment building cleans out the lint filter after using the communal dryer. But we knew we couldn’t get to everything.
So we asked readers “What did we miss? What questions do you still have about California’s certifiably insane housing market that we didn’t answer?”
Even before their latest rent increase, Barbie Thompson and her husband, Juan, could barely afford the Rancho Santa Margarita apartment where they raised two children.
The company that paid her around $13 an hour to distribute samples at Costco often kept her on a part-time schedule, Thompson said. Her husband earned even less as a busboy. So to make ends meet, at times the couple used a food pantry, let auto bills lapse and turned their $1,845 rent in late — a budgeting tool that cost $50 in late fees.