Partnership Opposes LA County Inclusionary Housing Ordinance, Legislation to Reduce Statewide Rents by 25%
IRWINDALE - This week, the Legislative Action Committee of the San Gabriel Valley Economic Partnership met via Zoom and voted to oppose the proposed LA County Inclusionary Housing Ordinance. It also voted to oppose AB 828 (Ting), a bill that was intended to address the issues of the coronavirus but also would have mandated a 25% statewide reduction in rents, harming property owners and introducing yet another top-down order on an already distressed housing sector.
"The proposed Inclusionary Housing Ordinance for LA County will not address our housing crisis," said Partnership President and CEO Bill Manis. "Ultimately, this ordinance will increase the cost of housing and discourage new construction in the unincorporated areas. It does not positively contribute to solving our fundamental housing issues."
The LA County Inclusionary Housing Ordinance is to be heard by the Board of Supervisors next week.
The Partnership also voted to support AB 2030 (Rubio), a bill that updates the formula calculating how much students are awarded in Cal Grants when they attend independent non-profit colleges and universities in the state. The formula has not been updated for these institutions since 2001. The Committee also voted to oppose AB 2843 (Chu), a bill that would enact an additional per-employee fee as part of local business licensing renewals.
For more information, contact Brad Jensen, Director of Public Policy, by email at firstname.lastname@example.org.