SBAOR welcomed Los Angeles Mayor Eric Garcetti and a panel of housing experts to our event on September 25 in San Pedro titled “Increasing Housing Opportunities”. This was a deliberately wide-ranging concept that encompassed new housing production, infill development, and other things like special financing – such as FHA and VA loans for our veterans – that seek to increase the inventory of available housing units.
Why did we format our event like this?
Our Greater Los Angeles region is struggling under the twin burdens of low housing affordability and low housing availability. The inventory of homes for sale is at historical lows and the access for rental housing units close to job centers is equally impacted.
Housing in Los Angeles is very expensive and hard to obtain. A study found that Los Angeles County residents pay 47% of their paychecks on housing. This is unsustainable for our economy and for the long-term viability of the Los Angeles Metropolitan Region.
Ideas such as Mayor Garcetti’s proposal to bring online 100,000 housing units by 2021 were also a part of the discussion. Our housing crisis is huge and there can be not just one solution, but many. To that end, this panel event will be one step forward.
The panel discussion will begin first with Kevin Keller, Office of Los Angeles Mayor Eric Garcetti; Robb Korinke, Grassroots Lab and former Executive Director of the Los Angeles League of Cities; and Frank Zerunyan, J.D., Professor of the Practice of Governance at the USC Sol Price School of Public Policy.
After the panel, Mayor Garcetti addressed a wide range of topics including his proposal to bring online 100,000 housing units by 2021. We are pleased that SBAOR’s housing panel was so well received and we are planning more events like this later this year and into 2016.