Income needed to afford median rent in greater LA:
$53,600
Average renter income:
$44,000
Something is rotten in the County of LA
According to research conducted by our Policy team, LA County has “a deficit of over 700,000 homes that are available to very low income (<50% of AMI) and low income (50%-80% of AMI) households.”
And we’re calling for $100 billion per year to meet housing needs. Yes $100,000 billion.
How??? Join us tomorrow to hear some of the top ideas on how to actually get there. It isn’t too late for you to sign up!
We’re partnering with Schools & Communities First and Re-Imagine L.A. County for a look at some of the ways we could take action to ensure that funding affordable housing remains a top priority. More info here.