> A single person making $70,000 would qualify for a one-bedroom for about $2,000 per month. A family of four making $100,000 would qualify for a three-bed for about $2,500.
So not what most people would consider "affordable". It's "affordable" because it's currently affordable to people making below the area's median income and is deed restricted. It's nearly-market rate housing.
And that's a good thing! We need more housing of all kinds for all people.
>ED1 is not going to end homelessness in LA. (Though some non-profit developers — including the AIDS Healthcare Foundation, which spends millions of dollars advocating against housing policies like ED1 — are using the law to build affordable housing for the formerly homeless.)
The AIDS Healthcare Foundation is mentioned in a throwaway line, but it's truly one of the most bizarre parts of the housing discourse in California. It's a non-profit organization controlled by Michael Weinstein, who uses the organization as his personal slush fund to sue housing development that would block views from his office and his personal home, and sued to block any development in the city of Los Angeles. https://en.wikipedia.org/wiki/AIDS_Healthcare_Foundation
> So not what most people would consider "affordable".
Yeah, this is basically "slightly less unaffordable housing". The one-bedrooms are apparently even more expensive than the two-bedrooms here, which are already extortionary, about double the price they were less than a decade ago. I would know, as for our current place (two-bedroom) we started at under $1,000 per month and ended up here paying almost $2,000 per month instead.
Our family of three makes $35,000 a year. It's a wonder we're not homeless.
So not what most people would consider "affordable". It's "affordable" because it's currently affordable to people making below the area's median income and is deed restricted. It's nearly-market rate housing.
And that's a good thing! We need more housing of all kinds for all people.
>ED1 is not going to end homelessness in LA. (Though some non-profit developers — including the AIDS Healthcare Foundation, which spends millions of dollars advocating against housing policies like ED1 — are using the law to build affordable housing for the formerly homeless.)
The AIDS Healthcare Foundation is mentioned in a throwaway line, but it's truly one of the most bizarre parts of the housing discourse in California. It's a non-profit organization controlled by Michael Weinstein, who uses the organization as his personal slush fund to sue housing development that would block views from his office and his personal home, and sued to block any development in the city of Los Angeles. https://en.wikipedia.org/wiki/AIDS_Healthcare_Foundation