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Amid Housing Crisis, Builders Just Aren’t Delivering Sorely Needed Apartments

LA WEEKLY (November 9, 2017) – If you ask Mayor Eric Garcetti, Los Angeles needs at least 100,000 new housing units just to keep up with demand. Harvard’s Joint Center for Housing Studies says it’s more like 382,000 units — and that’s just to serve extremely low-income renters. The California Housing Partnership Corporation concludes that the county needs 551,807 more affordable units.

What we’re getting isn’t even close.

So far in 2017, there have been 14,835 permits issued to build multifamily units, mostly apartments, in Los Angeles County, according to a new analysis from property management technology firm RealPage. That’s actually a decrease of 3.9 percent compared with the same time last year.

Read more here.

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