Building an Affordable Koreatown

Building an Affordable Koreatown BAKT resists gentrification in LA by informing and empowering Koreatown residents about the Linkage Fee Proposal and affordable housing. Koreatown is BAKT!

Linkage fees are a charge/sq.ft. imposed on new commercial and residential developments. The fees are collected and placed in an Affordable Housing Trust Fund (AHTF) that is controlled by the Los Angeles Housing and Community Investment Department (HCIDLA) and streamlines funds to building Affordable Housing Units. The Linkage Fee Proposal in Los Angeles City must be passed by City Council to be e

nacted. BAKT is working within a larger movement to press council members to recognize the urgency of this need.

HUGE UPDATE!!!Yesterday, the Los Angeles City Council's Planning and Land Use Management Committee unanimously supported...
08/23/2017

HUGE UPDATE!!!

Yesterday, the Los Angeles City Council's Planning and Land Use Management Committee unanimously supported Mayor Eric Garcetti's proposal for a Linkage Fee. This is a big win, however there are many more steps to follow to ensure that the Linkage Fee will be enacted in Los Angeles.

At this time, the city attorney will draft a linkage fee ordinance, and must be heard again before City Council and the city’s Housing Committee prior to being signed into law.

We would like to thank everyone who has been a part of the efforts to let City Council members know, this is what Los Angeles needs now in a larger effort to combat the housing crisis and create affordable housing!

Developers would be assessed fees, up to $15 per square foot, to help pay for affordable housing.

08/02/2017
07/31/2017

We have a workshop on affordable housing, tenants' rights, and linkage fees tonight at 6pm. Please rsvp and join us for a night of empowerment. The link to the event is pinned to the top of this page.

...Which directly correlates with 54% of Los Angeles residents being renters. Many of us are in positions where we are u...
07/28/2017

...Which directly correlates with 54% of Los Angeles residents being renters. Many of us are in positions where we are unable to secure long-term housing. The housing market does not serve the larger LA city. We demand justice for our oftentimes no-to-low-income, working-class, displaced, and migrant communities among others who are being threatened by the shifting housing economy.

This is why we need a STRONG

Coalition for a Just L.A. Herb J. Wesson, Jr., Councilmember Mitch O'Farrell Councilmember David E. Ryu Mayor Eric Garcetti

In 2012, about 23 percent of homes on the market were affordable.

We marched in Housing Now's LA Day of Action today to demand the repeal of the statewide restriction on rent control (ak...
07/27/2017

We marched in Housing Now's LA Day of Action today to demand the repeal of the statewide restriction on rent control (aka Costa-Hawkins Act). Housing is a human right, not a commodity! Herb J. Wesson, Jr. Councilmember Gilbert Cedillo Councilmember Mitch O'Farrell Councilmember David E. Ryu Mayor Eric Garcetti

“Experts expect the linkage fee to support the construction of between 700 and 1,000 units a year. In the context of our...
07/26/2017

“Experts expect the linkage fee to support the construction of between 700 and 1,000 units a year. In the context of our deficit of 32,000 affordable units in the city, this is a meaningful impact.”
Coalition for a Just L.A. Herb J. Wesson, Jr. Councilmember Gilbert Cedillo Councilmember Mitch O'Farrell Councilmember David E. Ryu Mayor Eric Garcetti

Solving L.A. affordable housing crisis requires using every tool we have, including a linkage fee.

A strong   would create 10,000 units over the next 10 years in a city with a growing and crucial need for affordable hou...
07/25/2017

A strong would create 10,000 units over the next 10 years in a city with a growing and crucial need for affordable housing. Coalition for a Just L.A. Herb J. Wesson, Jr. Councilmember Gilbert Cedillo Councilmember Mitch O'Farrell Councilmember David E. Ryu Mayor Eric Garcetti

City of L.A. sees 20% increase even as region bolsters efforts with new taxes and initiatives. More than 14,000 people gained permanent housing last year.

Out of the 15 cities in the U.S. that require a six-figure salary to live comfortably, 10 are in California. Other major...
07/24/2017

Out of the 15 cities in the U.S. that require a six-figure salary to live comfortably, 10 are in California. Other major cities in CA - such as San Francisco, San Diego, and Oakland - have linkage fees to help their residents afford to live in their city. Why don’t we? Pass the in LA. Coalition for a Just L.A. Herb J. Wesson, Jr. Councilmember Gilbert Cedillo Councilmember Mitch O'Farrell Councilmember David E. Ryu Mayor Eric Garcetti

With the recent real estate boom Los Angeles has become a very expensive city to live in. A new survey by SmartAsset says you will need to make at least $109,543 to pay for the average apartment in L.A.

07/22/2017

Address

4201 Wilshire Boulevard #334
Los Angeles, CA
90010

Opening Hours

Monday 10am - 5pm
Tuesday 10am - 5pm
Wednesday 10am - 5pm
Thursday 10am - 5pm
Friday 10am - 5pm

Telephone

+14242770495

Alerts

Be the first to know and let us send you an email when Building an Affordable Koreatown posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Organization

Send a message to Building an Affordable Koreatown:

Share