MERCEDES MARQUEZ GENERAL MANAGER LOS ANGELES HOUSING DEPARTMENT Senate Transportation and Housing Committee Informational Hearing SB 1024 December 13,

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Presentation transcript:

MERCEDES MARQUEZ GENERAL MANAGER LOS ANGELES HOUSING DEPARTMENT Senate Transportation and Housing Committee Informational Hearing SB 1024 December 13, 2005

The City of Los Angeles has more residents than San Diego, San Jose, San Francisco and Oakland combined The City of Los Angeles covers 469 square miles and has more residents than any other city in the state Biggest City; Biggest Challenges

CountyAnnual Median Income (100% AMI)50% AMI Los Angeles$65,500$32,750 San Diego$69,000$34,500 Alameda (Oakland)$82,833$41,417 Santa Clara (San Jose)$106,166$53,083 San Francisco$106,166$53,083 Los Angeles Has the Lowest Incomes of any Major City in California

L.A. is Perfect Storm: Largest Gap Between Rents and Incomes

Los Angeles Has Largest Homeless Population

How State Bond Can Help Los Angeles $1.4 Billion for Affordable Housing –Multi-Family Housing Program –Permanent Supportive Housing –Homeownership –Local Housing Trust Funds