Tag: 望城红灯一条街

City housing program falls short

first_imgWhen it comes to innovative affordable-housing programs, Los Angeles doesn’t stand out from the crowd, according to a report released Monday. The city was one of eight municipalities that failed to rate a mention in the “Affordable Home: Best Practices in America” report compiled by the Washington, D.C.-based Homeownership Alliance. Meanwhile, the now-bustling metroplex of Riverside, San Bernardino and Ontario, collectively the Inland Empire, and San Diego did. Those two areas are on the opposite ends of the price spectrum, so affordable housing is not viewed as an oxymoron by the alliance. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWalnut’s Malik Khouzam voted Southern California Boys Athlete of the Week But alliance officials point out they are not singling out L.A. and the seven others for criticism either, noting that the 20 municipalities examined have some form of affordable-housing program. The 12 featured in the report have more innovative components, though, officials said. The report is a sampling of what the alliance thinks are some of the best affordable-housing practices in the nation. “We tried to find places that had a good mix of … programs that would help the homeowner get into a home,” said alliance President Rick Davis. For example, in the Inland Empire the cities of San Bernardino and Riverside joined the Riverside-San Bernardino Housing and Finance Agency and created the Public Lease-to-Purchase program. It helps people who can afford making a monthly house payment and have a good record of paying their rent. It allows participants to lock in a home price and use the lease-purchase period to establish or repair their credit and eventually buy the home. The alliance sent letters to housing officials asking for information about their programs and checked out the Web sites of each city. Davis wants to give the findings wide distribution. “What we hope is that (cities) will look at this as a primer to the kinds of programs they can participate in,” he said. Not having their programs highlighted didn’t seem to miff anyone at City Hall, either. “In terms of why we didn’t make it to the list, I would suggest you speak to the Homeownership Alliance and ask them why that happened,” Diana Rubio, a spokeswoman for Mayor Antonio Villaraigosa, said in a voice-mail message. While the city didn’t score any points with the alliance for innovation it didn’t seem to get any credit for volume, either. The city’s Housing department (www.lacity.org/lahd/) offers eight homebuyer-assistance programs. They include loans for low- and moderate-income first-time buyers, down payment assistance, tax credits and below-market rate loans. Meanwhile, the Housing Authority of the City of Los Angeles (www.hacla.org) participates in the Federal Section 8 program that dates back to the Great Depression. It used to just focus on rental assistance but now included a purchase component, too. And the authority offers the Home Ownership Supportive Services program that teaches prospective buyers 22 hours of financial literacy and the process required to buy a home. Graduates then work with support groups that have relationships with lenders to further help with the purchase. Gregory J. Wilcox, (818) 713-3743 [email protected] The Homeownership Alliance looked at affordable-housing programs in the nation’s 20 largest metro areas. The Best New York Chicago Philadelphia Washington, D.C. Atlanta Inland Empire Phoenix Seattle-Tacoma Minneapolis-St. Paul San Diego Baltimore Pittsburgh The Rest Los Angeles Dallas-Fort Worth Miami-Fort Lauderdale Houston Detroit Boston The Bay Area St. Louis Source: Homeownership Alliance 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more