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Los Angeles' Path to Apartment Affordability

May 15th, 2018 by Zach Rocktashel

The Los Angeles multifamily market is at a fork in the road. On the horizon looms a decision that may impact investors, property owners, and renters. According to Richard Green, Director of the Lusk Center for Real Estate at USC, rent growth may be slowing in LA in response to new housing development in the area, yet Los Angeles remains one of the most expensive places for renters in the entire country. With affordable housing as their premise, there is a growing group of supporters that would like to repeal a law which, in conjunction with new development guidelines, has allowed multifamily development to flourish.