LOS ANGELES – As I listened to the Los Angeles City Council take action that would further restrict community housing providers already struggling under existing rent control policies, I wondered to myself: is anyone else seeing what I’m seeing?
The Los Angeles City Council – the same group of elected leaders who have pledged to address the housing crisis head on, are now working to make it worse after successfully voting for higher expenses for mom-and-pop property owners like me – which ultimately threatens to exacerbate the housing crisis our city is already facing.
Behind the majority of small rental properties in Los Angeles lies a story of middle and working-class people who purchased property as a path to financial security. These mom-and-pop housing providers aren’t wealthy investors or private equity firms. They’re teachers, nurses, behind-the-scenes entertainment workers, and retirees who own a handful of units…