LOS ANGELES — Los Angeles is well on track toward meeting Mayor Eric Garcetti’s goal of building 100,000 new units of housing by 2021, according to a new report released today.
Since Mayor Garcetti took office, the City has permitted more than 40,000 new units — an average of more than 13,600 a year. Those figures put L.A. well ahead of schedule to hit the bold goal of 100,000 units between 2013 and 2021, which includes the addition or preservation of 15,000 units specifically designated as affordable.
“Angelenos everywhere are feeling the pinch of a tight housing market — that’s why I committed to getting more housing built across our city as quickly as possible,” said Mayor Garcetti. “We are making strong progress, but the job is far from finished. We have to continue to think creatively, and use every available tool to ease the pressure on our housing market. We cannot rest until all Angelenos have access to homes they can afford to rent or own.”
The new status report updates progress on Mayor Garcetti’s Executive Directive 13, which set the goal of permitting 100,000 units between 2013 and 2021. It comes as Angelenos continue to endure a years-long crisis of housing affordability brought on by demand that is significantly outstripping supply.
Mayor Garcetti’s “back to basics” approach to streamlining the entitlement and permitting process for new housing is helping the City reach crucial milestones in the effort to address L.A.’s housing crisis. From July 1, 2013 to June 30, 2016, the City permitted 40,805 new dwelling units, or an average of 13,601 per year. During the same period, the City added or preserved nearly 6,000 affordable units, putting the City on track to meet the Mayor’s goal of 15,000 affordable units by 2021.
New revenue sources — such as the general obligation bond set for the November ballot and the Mayor’s proposed affordable housing linkage fee — will help the City bring even more affordable housing to Angelenos who are struggling to keep up with their rents and mortgages.
Mayor Garcetti is also working to protect renters in existing housing. Since July 1, 2013, the Housing and Community Investment Department has addressed more than 19,000 tenant complaints and 10,000 illegal eviction cases, bringing more than $23.2 million in relocation assistance to almost 2,000 families.
Future quarterly status reports will also indicate the effects of Home for Renters, the Mayor’s Rent Stabilization Ordinance awareness campaign launched this summer.
This quarter’s full report is available online at http://www.lamayor.org/Housing