Buy Now - Part II
Monday, August 15th, 2005The math hits home faster when you realize the 96,000 residents were evicted in LA County last year due to inability to pay higher rents. That, obviously, is a huge problem - impacting homelessness, overcrowding, children and education, among other things.
But the issues have been on the table for a while now. Back during to the mayoral election, part of Antonio Villaraigosa’s campaign platform included his ideas for addressing LA’s housing needs. “One of the biggest challenges we face as a city is providing affordable housing for our growing workforce. Los Angeles has one of the lowest rates of homeownership in the nation. I want to change that.” Part of his campaign plan included building of new housing along transit corridors - known as “transit-oriented development” - and over retail space on commercial streets.
This brings us back to Boyle Heights, which is currently constructing the East LA Gold Line extension, set to open in 2009. In conjunction with the “transit-oriented” development, is the proposed renovation of the historic Sears building on the south end of Boyle Heights, mixing multi-class housing options with a multiplex movie theater and shopping center.
In Boyle Heights, this is the development dilema. On the positive end, transit-oriented development will bring new revenue into the neighborhood and more resources that can increase education & reduce crime and gang activity. On the downside, the loss of affordable units hurts the poor and even the middle class, who are already facing a huge shortage of affordable housing.
READ: “Buy Now - part III“













