Affordable housing and Los Angeles’ bid for the 2024 Summer Olympics took center stage at the L.A. Housing Summit at UCLA on Friday.
Casey Wasserman, chairman of the LA24 committee, says if L.A. gets the games, the Olympic Village will help ease the shortage of affordable housing in the city.
“The Olympic Village is a significant legacy opportunity for our city after the games,” Wasserman said. “The village would have 17,000 beds for the athletes, coaches and staff, which would then be converted into 5,000 units of both affordable and market rate housing.”
L.A. Mayor Eric Garcetti says thousands of affordable and market value housing units are being built, whether or not the Olympics come to Los Angeles. The city plans to build 100,000 units by the year 2021.
