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State lawmakers urge Los Angeles to expand housing trust fund and back $2 billion bond
Summary
A delegation of California legislators urged the Los Angeles City Council to increase the city's housing trust fund to a permanent, renewable source (ideally $100 million; at least $75 million if necessary) and pledged support for a proposed $2 billion statewide housing bond.
Assemblymember Jackie Goldberg and other state lawmakers told the Los Angeles City Council on Tuesday that the city must increase funding for affordable housing and begin doing so from a renewable source, even if the full $100 million request is not immediately available.
Goldberg said the state and city face tight budgets but urged the council not to wait. “If you can't find the hundred million, find 75,000,000, but get started with it,” she told the council during the public comment period.
Why it matters: Council members heard that homelessness and the shortage of affordable units in Los Angeles are acute and growing. Lawmakers said a permanent, renewable…
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