UCLA Anderson's 2013 Livable Communities Report: A Call to Action study commissioned by the Los Angeles Business Council was released today at the LABC's Mayoral Transportation, Housing and Jobs Summit.
The report applies a new Livable Community Opportunity Index to identify areas with the greatest market potential for development near transit stations that would serve to ease the acute shortage of housing that middle-income earners can afford. The Index ranks 104 station areas and is based on six key demographic and market indicators - population, housing density, income, employment, transit ridership and land values - to evaluate whether a given market can support the type of mixed-use, mixed-income and higher-density development that comprises livable communities.
"Identifying the hottest areas of the region for workforce housing is important, but it's only part of the equation," said UCLA Anderson School of Management Lecturer Paul Habibi, the study's principal author, as well as a multi-family apartment developer. "Meaningful public-sector incentives are still required to attract investment and make these new livable communities financially feasible, especially given the demise of redevelopment agencies that traditionally led these efforts."
Richard Ziman, who established and endowed the Richard S. Ziman Center for Real Estate at UCLA Anderson in partnership with UCLA School of Law, introduced Congresswoman Maxine Waters and the "Building Healthy and Sustainable Communities Along Transit Corridors" panel.
See the full report here and read the press release on the UCLA Anderson news page. More on the Ziman Center for Real Estate can be found at their homepage.
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