Category: Affordable Housing

Australia Experiencing a Housing Crisis, Needs Social Housing Fund: Think Tank

The Grattan Institute has said in their latest report that Australia is experiencing a housing crisis, where citizens are now spending a greater proportion of their income on housing than in the past. The think tank called on the federal government to create a Social Housing Future Fund to finance new social housing stock, which…


LA Approves Roadmap for Dramatic Increase in Housing Citywide

LOS ANGELES—The Los Angeles City Council unanimously approved on Nov. 24 a blueprint to zone for nearly 500,000 new housing units by 2029, as mandated by the state. “The housing crisis is one of the biggest and most pressing issues facing our city,” Council President Nury Martinez said in a statement following the vote. “While other cities have…


Anaheim Demolishes Motel, Builds Affordable Housing Units

Anaheim is making way for affordable housing and retail space after demolishing the former Americana Motel on Beach Boulevard on Oct. 12. The 7.3-acre land where the 44-room motel sat and the surrounding land will be transformed in the coming years to provide 100 affordable apartments, 134 townhomes, and a 5,000 square-foot retail center. “This…


Median Home Price Hits $800,000 in California—Here’s Why | Jerry Amante

Why are home prices in California so high? In this edition of California Insider, our host Siyamak Khorrami talks with state housing expert Jerry Amante, who says we need to reform environmental laws and fix the California Environmental Quality Act (CEQA) so we can build more houses for less money. California Insider is an Epoch…


Essential Workforce Hit by Rental Affordability Crisis

Essential care and service workers are facing a rental crisis in Australia as an analysis found that rent has risen to over one-third of workers’ weekly income in a majority of the country’s geographical regions. Affordable housing campaign group, Everybody’s Home, cross-referenced SQM Research rent data with the basic hourly wage of workers in disability…


Anaheim Could Lose $96 Million for Alleged Stadium Sale Violation

The City of Anaheim, Calif., could lose $96 million if the Angels baseball stadium sale violated state law. During a July 20 city council meeting, staff clarified how Anaheim might have violated state law during the sale of the stadium to SRB Management, led by Angels owner Arte Moreno and family. The Department of Housing and Community Development sent a letter to the city, alleging it failed to “send out notice to the…


Orange County to Provide More than 1,000 Emergency Housing Vouchers

Orange County, Calif. is rolling out a new housing plan that will offer more than 1,000 emergency housing vouchers (EHV) to homeless and vulnerable individuals. The board of supervisors is set to approve multiple contracts during its July 27 meeting with various non-profits that will distribute 529 vouchers. The certificates provide ongoing rental assistance for eligible households. Individuals and families that receive EHVs will…


LA County Approves More Than $500 Million in Homeless Spending

LOS ANGELES, Calif.—The Los Angeles County Board of Supervisors on July 13 approved $527.1 million in funding for strategies to battle homelessness in fiscal year 2021-22, while expressing frustration over the rising numbers of people living on the street. Despite the massive inflow of cash from Measure H and dozens of carefully crafted initiatives that…


Santa Ana Approves $14 Million in Rental Assistance

City council in Santa Ana, Calif. approved on July 6 an additional $14 million in emergency rental assistance for struggling residents. The federal funding will help low-income residents cover past due rent. “It’s definitely much needed in our community,” Mayor Pro Tem David Penaloza said during the July 6 meeting. “There’s a lot of members of our community that are hurting right now…


Crews Break Ground On Permanent Supportive Housing Project

LOS ANGELES, Calif.—Crews broke ground July 7 on a Proposition HHH-funded permanent supportive housing project in West Los Angeles to house seniors and senior veterans experiencing homelessness. The 51-unit, five-story building at 11010 Santa Monica Blvd. is expected to be ready for occupancy in December 2022, according to Councilman Paul Koretz’ office. It will include…