Affordable housing in Los Angeles

In Los Angeles construction is flourishing gradually and added more new residential buildings from the year 2014 to 2018 and the City of Los Angeles is going to make more than 70 percent of all new units, But more than 90 percent of the units legitimated in the city during this five-year period were geared to more affluent renters and buyers.32 Construction of affordable homes, by contrast, has not kept up with demand. Fewer than 7,300 units permitted during that same period are affordable for households making less than 120 percent of the area median income. Due to high housing costs which are causing real economic losses and daily trade-offs for individual residents and for the region as a whole. In LA median rent has increased by 9.7 percent annually, while median household income increased by only 2.4 percent. We know that one million households in the City of Los Angeles (and 1.9 million across LA County) face an affordability gap.