Los Angeles Homebuilding is Up, but Affordable Housing Still Distant: Garcetti - NBC Southern California

Los Angeles Homebuilding is Up, but Affordable Housing Still Distant: Garcetti

While the city is building new housing units to make up for a shortage, most of those units are priced at market rates.

    processing...

    NEWSLETTERS

    Los Angeles Homebuilding is Up, but Affordable Housing Still Distant: Garcetti
    Getty Images
    LOS ANGELES, CA - DECEMBER 11: One of 102 prefabricated housing units is hoisted and placed atop the second floor of the Star Apartments building under construction by the Skid Row Housing Trust December 11, 2012 in Los Angeles, California. The modular homes will become the first multi unit prefabricated homes in Los Angeles for formerly homeless and impoverished people. (Photo by Kevork Djansezian/Getty Images)

    The city of Los Angeles has increased the speed at which it is building new homes, but it's still far from fixing its housing shortage, according to LA Mayor Eric Garcetti.

    Los Angeles is nearly two-thirds of the way toward meeting Garcetti's goal of building 100,000 new housing units over his eight years in office, but most of those units are priced at market rates, reports NBC4 media partner KPCC.

    The city, meanwhile, is struggling with record homelessness, rising rents and a typical home price of $630,000. Garcetti said at a Los Angeles Business Council summit that the city has sped up permitting for new developments and is subsidizing more units, but added that more housing could be created if LA's half-million homeowners build so-called granny flats in their backyards.

    New state laws making it easier to get granny flat permits have already made a difference, with Garcetti housing advisor Ben Winter saying Los Angeles has seen roughly 2,000 applications this year - more than doubling the number of applications the city received over the last 10 years.

    Paul Hiffmeyer/Disneyland Resort

    Read more at KPCC.

    Get the latest from NBC4 anywhere, anytime

    • Download the App

      Available for IOS and Android