In Los Angeles…
One third of Angelenos spend more than half their income on rent
57,000 people live in the streets and shelters in L.A. County – a 75% increase since 2012.
600,000 units are needed to meet demand of lower-income renters.
Prop 10, a measure staunchly opposed by LABC is defeated by voters
Released “Housing Pays: Capturing the Economic and Fiscal Benefits of Increased Housing Production for the City of L.A.”
Co-authored Prop. H, which was overwhelmingly approved by voters
Prop. HHH passes with active support from LABC
Released “LA’s New Frontier: Capturing Opportunities for New Housing, Economic Growth and Sustainable Development in LA River Communities”
Mayor Garcetti announced plan to build 100,000 new housing units by 2021 at annual LABC Mayoral Housing Transportation and Jobs Summit
News from the labc
Statement From the L.A. Business Council on Recommendations from the Governor’s Task Force on Homelessness
The Los Angeles Business Council is a proud co-sponsor of AB 1907—a new bill aimed at accelerating construction of necessary housing to combat the growing homelessness crisis in California.
As California continues to seek solutions to the housing affordability and homelessness crises, the Los Angeles Business Council (LABC) applauds Governor Newsom and the state legislature for passing a package of housing measures in the state budget.
In light of the defeat of Proposition 10 – an initiative our organization strongly opposed – the Los Angeles Business Council urges policy leaders at both the state and local level to get back to the important work of exploring smart, effective and vetted policy options to better serve the people of California.