More than 2,000 units of housing are on the way to Warner Center—none are affordable (Los Angeles: low income, fit in)

[jm1982]

The title of this article is a lie since someone will be able to afford these places otherwise the developers would not build them in the first place .
Warner Center /Woodland Hills is a pretty high income area . Where is the affordable housing in Beverly Hills ? Brentwood ?

There are many of these larger luxury apartment buildings that have been built in the Warner Center area and I don’t hear about them being empty .

The city makes it so expensive to build and then why things aren’t more affordable.

Some in the comments made a good point about why does affordable housing have to be new housing .

Tons of older apartment buildings in the surrounding area in Canoga Park and rents are relatively affordable for L.A . This article states that 600,000 affordable housing units are needed in L.A to meet demand . Not sure where they got that figure . Why not millions ? Who doesn’t want cheap rent ?...

——
Five years ago, Los Angeles planners created a new plan to guide growth in Warner Center, one of the San Fernando Valley’s most important commercial hubs. Since then, developers have flocked to the area to build housing targeted toward higher earning residents.

But not a single one of the new units will be set aside for low- or even middle-income residents.

“We need to rectify this issue,” Blumenfield said at a meeting of the Los Angeles City Council’s planning and land use management committee Tuesday. “For the Warner Center to be truly transit and pedestrian-oriented, and to thrive in an economically diverse area, we need an economically diverse population.”

https://la.curbed.com/2018/11/2/1805...ernando-valley

[V8 Vega]

There building lots of I think townhouses in Sylmar, the sign says starting at $400,000, can't get much cheaper than that. I think there is only a few at that price though.
The downside is you have busy Foothill Blvd. right in front and the 210 freeway right behind.

[Des-Lab]

Nonstarter. There's no profit in cheap housing. Who in their right mind would-or should go through all that rigmarole for $100k profit when, for the same amount of effort, in the same area, can turn a $500k profit?

[jm1982]

Originally Posted by V8 Vega

There building lots of I think townhouses in Sylmar, the sign says starting at $400,000, can't get much cheaper than that. I think there is only a few at that price though.
The downside is you have busy Foothill Blvd. right in front and the 210 freeway right behind.

Yeah it seems most of these new developments are all apartments . There should be more incentives to build homes to own . It seems the city makes it harder to build . For what they charge for many of these places one can own anyways .

Usually those new build prices do seem to be kind of teaser rates . They had some in Chatsworth area but like you said not many at the lower prices . The ones in Sylmar are probably “small lot homes” they look like townhomes but detached . Usually 2-3 stories so they make most use of land .

DR Horton has a development in West Hills near Devry and more have been popping up in parts of the valley .

[socal88]

There is no "affordable" housing because with all the costs (e.g. union labor), taxes, etc., developers are only incentivized to build luxury type apartments where they can actually eke out a profit.

Unless cities provide some sort of special financial incentives, this type of construction will continue.

[jm1982]

Originally Posted by socal88

There is no "affordable" housing because with all the costs (e.g. union labor), taxes, etc., developers are only incentivized to build luxury type apartments where they can actually eke out a profit.

Unless cities provide some sort of special financial incentives, this type of construction will continue.

True . This one project in particular mentioned in article below will be high rise construction. There is a demand for luxury housing in this part of L.A

——-

“Brad Rosenheim, executive director of the Warner Center Assn. and a planning consultant who represents the developer, said his client’s goal is to “create a new type of residential and living experience” in the Warner Center area.

“We don’t have any high-rise residential buildings,” he said. “This is a unique opportunity to provide that.”

Rosenheim added that the project won’t include any affordable units because “it’s not economically viable option for this kind of project. The high-rise construction is very expensive.””

https://www.dailynews.com/2018/08/28...ng-experience/

[CALGUY]

I have always wondered why the term "affordable housing" is supposed to mean cheap/less expensive.


If I were a developer, and built million dollar properties for rent, there would still be a market that would find them "affordable".
Perhaps the term should be called, just low income housing, instead of affordable.
Affordable is a word many can relate to, especially when they have big bucks.




Bob.

[jm1982]

Originally Posted by CALGUY

I have always wondered why the term "affordable housing" is supposed to mean cheap/less expensive.


If I were a developer, and built million dollar properties for rent, there would still be a market that would find them "affordable".
Perhaps the term should be called, just low income housing, instead of affordable.
Affordable is a word many can relate to, especially when they have big bucks.




Bob.

Very true . I see the politicians using the carrot of affordable housing to get people to continue voting for them .
I mean who wouldn’t want to pay less in housing? Plenty of affordable housing in 2018 in America but it’s in other cities not called L.A

[Exitus Acta Probat]

Imagine how much cheaper everything would be if L.A. had the same population it had in the 60's. And less traffic too.

[Commonproject]

Imagine if the continents are still Pangea. There were no cars back then.