L.A. City Council approves development fee to raise money for affordable housing
LA Times
By Dakota Smith
The Los Angeles City Council voted Wednesday to impose a new fee on development to raise millions of dollars a year for affordable housing as the city copes with rising rents and surging homelessness. Mayor Eric Garcetti has long pushed for the so-called linkage fee, saying it would provide a permanent revenue stream to build housing for low-income residents. Celebrating with his colleagues outside City Hall after the council vote, Garcetti suggested the fee would help Los Angeles become “not just a city for some, but a city for all.”
“Today we see hope in the promise that Los Angeles can continue to grow and indeed must grow,” Garcetti said. “That when we see luxury condominiums going up, that we can make sure that there is money paid in to build housing for the rest of us.”
The mayor made his remarks near City Hall’s lawn, a popular gathering spot for homeless people. As he spoke, at least half a dozen people dozed on the grass or watched Garcetti.
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