On the Front Lines of the Housing Crisis
Calling for L.A.’s homeless and affordable housing crisis to be tackled with urgent action
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.
L.A.’s skyrocketing housing costs have made it one of the most expensive places to live in the nation – worse than San Francisco, Seattle and New York. Most residents can’t afford to buy a house and rents are the least affordable they’ve ever been. More and more families are just one paycheck away from being forced into homelessness.
The LABC is on the front lines of this issue. We advocate for ways to expedite construction and improve financing of new affordable housing units. We produce new research on how the high cost of housing is burdening employers and threatening our workforce. We convene leaders and build coalitions dedicated to ending the housing affordability crisis and securing the long-term viability of our economy.
Our Achievements
Prop 10, a measure staunchly opposed by LABC is defeated by voters
November 2018
October 2018
Released “The Affordable Housing Crisis in Los Angeles: Impacts to LA’s Fastest Growing Companies,” in partnership with USC
Read the Report
Released “Housing Pays: Capturing the Economic and Fiscal Benefits of Increased Housing Production for the City of L.A.”
Read the Report
September 2017
March 2017
Released “The Affordable Housing Crisis in Los Angeles: An Employer Perspective,” in partnership with USC
Read the Report
Co-authored Prop. H, which was overwhelmingly approved by voters
March 2017
November 2016
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”
Read the Report
April 2015
October 2014
Mayor Garcetti announced plan to build 100,000 new housing units by 2021 at annual LABC Mayoral Housing Transportation and Jobs Summit
Released the “2009 Employer Assisted Housing Handbook for Los Angeles”
Read the Handbook
October 2009
News from the labc
LABC Launches Webinar Series Featuring Experts and Decision Makers
Debut Event to Feature Homeless Taskforce Co-Chairs Supervisor Ridley-Thomas and Mayor Steinberg
LABC Institute and Wells Fargo Collaborate to Launch Virtual Speaker Series to Tackle COVID-19’S Impact on California’s Housing Crisis
Debut Event to Feature Homeless Taskforce Co-Chairs Supervisor Ridley-Thomas and Mayor Steinberg
L.A. Business Council and Enterprise Community Partners Convene Working Group Focused on Urgent Solutions to Address 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.