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The Affect of City Councils on Affordable Housing
Affordable housing has long been an issue in Los Angeles. This report examines a systematic effort, over time, of Los Angeles homeowners partnering with local politicians in affecting property values. Revitalization movements transforming surrounding neighborhoods into thriving revenue generating hubs are evidence of a vibrant economy. Downtown is returning as a world class major tourist destination, improving socio-economic demographics. The boom in sports and concert venues as well as luxury condominiums is attracting migration. The City fails miserably, however, in providing adequate affordable housing for local additions to the workforce. Affordable is a relatively new, and poorly defined term in housing. Adequate housing alone will lower prices. Those responsible for creating this balance, lack accountability. This paper recounts the history, causes, and the affect of local politics on the Los Angeles housing shortage.