|More than 120 business, community, and opinion leaders and elected officials participated in the BizFed Institute’s NextUp Business Forum: Housing LA – Who Cares? Affordable Housing for Economic Development on Oct. 23, 2014, at Woodbury University in Burbank. This major half-day educational event brought together top academic, governmental, and industry experts to address the opportunities and challenges associated with meeting our region’s housing and economic development needs.Provided as a service by the BizFed Institute, with support from JP Morgan Chase and the LA County Community Development Commission, this compendium of the proceedings provides critical intelligence to inform decision making moving forward.
|Virtual Forum: Experience the Full Proceedings Online
You can experience the BizFed Institute’s NextUp Forum: Housing LA – Who Cares? Affordable Housing for Economic Development in its entirety online via YouTube. Or, click any of the following links for the segment you wish to view:
|Public Policy Perspective on Affordable Housing and Economic Development
Brandon M. Weiss, Lowell Milken Institute for Business Law & Policy, UCLA presented a Public Policy Perspective on Affordable Housing and Economic Development. Beginning with a quick review of the Housing Act of 1949, Professor Weiss explored the interplay between housing and jobs being the key to a strong economy as a major focus in years past, whereas today’s statistics indicate that this is no longer the case. He pointed out that today, only one quarter of households eligible for rental subsidies receive them. Additionally, he discussed:
Click here to download the full presentation.
|From RDA to Affordable Housing: New Funding Opportunities in LA County
Sean Rogan, Executive Director, LA County Community Development Commission/Housing Authority discussed the need for affordable housing by sharing many startling facts and resources. According to the LA CDC, Los Angeles County is the least affordable metropolitan area in country. One quarter of all households pay more than half of their income on housing costs, and of the most heavily crowded 1% of census tracts across the country, more than half are in LA and Orange Counties. With a shortfalll of 490,340 affordable homes in LA, widespread side effects present themselves.
See the full presentation for detailed information about affordable housing funding, typical loan terms, general funds, and examples of eligible projects. Click here to download the full report.
|The Experts: Diverse Points of View Illuminate Key Issues
The following individuals with diverse backgrounds and points of view came together to drive the discussion and share their expertise on the case for affordable housing in LA:
|Access Photos from NextUp Business Forum: Housing LA – Who Cares? Affordable Housing for Economic Development|
|To see the images of the event, visit www.harveybranman.com. Scroll down to the Preview Gallery and type in AffordableHousing. Call (818) 954-9294 to order prints.|