While LA has recently made great strides increasing its production of affordable homes, the gains to new housing are partially offset by the loss of older affordable units.
California’s worsening housing crisis has triggered an intense debate about rent control. This brief examines how local jurisdictions have considerable leeway in reforming their rent control programs, such as Los Angeles’ rent-stabilization ordinance.
Eliminating the Mortgage Interest Deduction would generate new revenue for the federal government — in 2014, it cost the U.S. Treasury more than $100 billion. An expansion of such magnitude might allow us to cover all the households in LA County eligible for housing subsidies.
