PRESS RELEASE: City Council Approves Councilmember Ryu’s Moderate-Income Housing Motion

Los Angeles -- Today, the Los Angeles City Council unanimously approved Councilmember Ryu’s motion to establish incentives for the development of more moderate-income housing in the City of Los Angeles. The approved motion instructs the City’s Housing and Community Investment Department and Department of City Planning to identify the City’s middle class population that is above the income level to qualify for affordable housing but remains rent burdened, as well as to identify financial, zoning, and permitting tools that can be used to increase the stock of moderate-income housing to ensure that middle class Angelenos get their fair share of new housing.

FOR IMMEDIATE RELEASE:

October 8, 2019

 

Contact:

Mark Pampanin

mark.pampanin@lacity.org

213.407.7616

 

City Council Approves Councilmember Ryu’s Moderate-Income Housing Motion

Los Angeles -- Today, the Los Angeles City Council unanimously approved Councilmember Ryu’s motion to establish incentives for the development of more moderate-income housing in the City of Los Angeles. The approved motion instructs the City’s Housing and Community Investment Department and Department of City Planning to identify the City’s middle class population that is above the income level to qualify for affordable housing but remains rent burdened, as well as identify financial, zoning, and permitting tools that could be used to increase the stock of moderate-income housing, and the speed at which they are approved, to ensure the middle class gets their fair share of new housing.

“Right now, the largest share of Angelenos are getting the smallest share of new housing. We need to flip that math,” Councilmember Ryu said. “Far too many middle-class Angelenos are being pushed to the margins of our City, competing for a smaller and smaller share of moderately-priced housing - all while luxury units sit empty. We need more housing for Los Angeles’ middle class, and we need it now.”

In his motion, Councilmember Ryu included data from the Department of City Planning that highlights a vast difference between the development of luxury and moderate-income housing. Over a five year period from 2014 through 2018, 80,670 new housing units came online in the City of Los Angeles. Of those units, 73,387, or 91%, were priced at the “above moderate” income level. The “moderate” income level received the smallest share, 430 units, or one half of one percent of new homes.

Source: City of Los Angeles Department of City Planning.

 

The City of Los Angeles is on track to meet its housing target set by the 2013 Southern California Association of Government’s (SCAG) Regional Housing Needs Assessment, 82,002 new units by 2021, but the vast majority will be for high-income earners. Councilmember Ryu, who is a voting member of SCAG, is also pushing the organization to agree to higher and more equitable housing targets for all its member cities in its 2021 Regional Housing Needs Assessment.

A housing vacancy motion co-introduced by Councilmember Ryu also passed City Council in September of this year.

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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