|
|
|
|
|||||
|
|
|
|
|
|
|||
|
|
|
||||||
|
|
|
|
|
||||
|
|
|
||||||
|
|
|||||||
|
|
|
||||||
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
The Housing Market 
Many working Angelenos simply cannot afford to live in—or even close to—the neighborhoods where they work. This leads to overcrowded living conditions, severe shortages of rental housing, commuter stresses, and urban sprawl—problems that affect all of us. One of the solutions is increasing the housing stock in our overcrowded city. The population of Los Angeles grows by 1.5 percent annually, but the number of added housing units grows by half a percent annually, creating a shortfall that grows every year. 
To combat this growing shortage, CCLC provides construction and permanent financing to developers working to improve and increase Los Angeles’ housing stock in neighborhoods where it is most needed. These developments will house moderate- and middle-income working families who earn too much to qualify for low-income housing, but too little to afford most of the housing being produced today. As you can see from the map below, much of Los Angeles and Orange County is comprised of low- and moderate-income communities. Many areas that you would not expect, such as Santa Monica, Mid-Wilshire and Koreatown, Highland Park, and the San Fernando Valley are low- and moderate-income areas that are becoming less affordable to working families. 
|
|
|
1000 Corporate Pointe • Culver City, California 90230 • | ||
|
|
||