PRESS RELEASE: Councilmember Ryu’s Moderate Income Housing Motion Passes Housing Committee

Los Angeles - Today, the Los Angeles City Council’s Housing Committee approved a motion that aims to study and spur the development of more moderate-income housing in the City of Los Angeles. The motion, introduced earlier this year by Councilmember David Ryu, noted that only one half of one percent of new housing built over the last 5 years was for Angelenos earning a median income.

FOR IMMEDIATE RELEASE:  

September 25, 2019

Contact:

Mark Pampanin

mark.pampanin@lacity.org

213.407.7616

Councilmember Ryu’s Moderate Income Housing Motion Passes Housing Committee 

Los Angeles - Today, the Los Angeles City Council’s Housing Committee approved a motion that aims to study and spur the development of more moderate-income housing in the City of Los Angeles. The motion, introduced earlier this year by Councilmember David Ryu, noted that only one half of one percent of new housing built over the last 5 years was for Angelenos earning a median income. 

“Something is fundamentally wrong in our City when the largest share of people get the smallest share of housing,” Councilmember Ryu said. “This motion aims to turn that around. By asking the City to first identify the middle class and then create incentives for developers to build for this group, we can build the housing we need most. It’s not enough to build affordable housing. We need housing for the middle-income, the teachers, firefighters and construction workers who help build this City, but are being pushed further and further into the outskirts.”

At present, the City’s Planning Department lacks a classification for those earning a moderate income, and only have identified those who qualify for affordable and very affordable housing. However, a severe shortage of middle income housing creates downward pressure on the market, worsening an affordable housing crisis felt deeply across Los Angeles.

In the past five years, 91% of housing units constructed in Los Angeles were built for high income earners, according to data from the City’s Planning Department, more than twice as many needed to meet demand. Nine percent of homes built in the same time period were for very low, low, and moderate income Angelenos. Angelenos earning above-moderate income saw 73,387 units come online at their income level between 2013 and 2018, while moderate-income Angelenos received the smallest share, 430 units.

Councilmember Ryu also introduced motions to expand protections for renters facing Ellis Act evictions and to seek statewide expansion of the California Renter’s Tax Credit. Those motions are still pending before the Housing Committee. The moderate income housing motion now heads to Council for a full vote.

Read the moderate income housing motion here.

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Los Angeles City Councilmember David E. Ryu represents the 4th Council District which includes Griffith Park, Sherman Oaks, Toluca Lake, Hollywood, Hollywood Hills, Los Feliz, Silver Lake, Miracle Mile, Hancock Park, Windsor Square, Larchmont and portions of Koreatown and Van Nuys. 


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