KPCC: "Los Angeles Affordable Housing Incentive Program isn't Doing Enough Audit Says"

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01/24/2017

KPCC: "Los Angeles Affordable Housing Incentive Program isn't Doing Enough Audit Says"

For many developers, it doesn't make fiscal sense to include affordable housing, said Eric Sussman, a developer who teaches at UCLA's Ziman Center for Real Estate. Sussman said affordable housing "caps my rent, and creates a lot more paperwork and management burden."

"Developers are about as capitalist as you get. Like them or love them, or hate them, it’s just economics," Sussman said.

[KPCC: 1/24/17]

Posted by Guest Blogger on 01/24/2017 at 02:28 PM in Affordable Housing, California, City of Los Angeles, Current Affairs, Development, Economics, Housing Market, Housing Policy, Low-income housing, Media, Real Estate, Redevelopment, Southern California, Supportive Housing, Urban Development | Permalink

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