"Paul Habibi, a finance and real estate lecturer at UCLA Anderson Graduate School of Management, said given the current housing crisis, this project is a "drop in the bucket" in terms of the total housing stock in Los Angeles, but "this is certainly a step in the right direction." "We need more housing units at the lower and moderate-income thresholds," said Habibi, who is also principal and co-founder of Habibi Properties LLC."
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