The long and challenging journey of a 49-unit affordable housing project in Los Angeles, taking 17 years and still incomplete, exemplifies the complexities and bureaucratic hurdles in urban housing development. This case underlines the critical need for streamlined processes and a focus on affordable housing, as highlighted by recent political efforts. For more insights, read the full story [here](https://lnkd.in/eHy_EpEr).
Gabriel Nagy
10mo
Michael Ralby this is just the wrong way to developing affordable housing. Wendy Cowan, GREP, CNE Edgar Flagg Much of the current housing that has been produced is largely out of the price range that many working families can’t afford. This is due to malfunctioning housing markets and overly costly regulatory burdens that make building affordable housing economically unfeasible in most areas. “For too long those in a position to deal with these problems have ignored this gathering storm by relying on outdated programs and not challenging antiquated views,” says @David Schwartz, CEO chairman & co-founder of Waterton, and chair of the National Multifamily Housing Council (NMHC).
Isaac Seliger
10mo
Randomly, I got a call from a woman who's been trying to develop a 49-unit #affordablehousing project in Hanford in the #centralvalley of California for several years and is seeking #grants. She told me the city and housing authority are actively trying to block the project even though she owns the land and has working drawing. Total madness.
Jaime Torres Carmona
10mo
100%
Matias Reyna
10mo
Truth!
Senior Vice President & Senior Banker, Community Development Lending & Investing at KeyBank
10moWow, why we need alternative non-competitive financing options for housing production and preservation including factory built off site construction, office to residential, retail to residential, preservation of NOAH, etc.