It is with excitement that Neighborhood Housing Services of Los Angeles County releases its White Paper on Transit Oriented Development and Affordable Communities.
The Los Angeles region faces a housing affordability crisis. A report issued last year by the Joint Center for Housing Studies at Harvard University found Los Angeles to be the least affordable housing market in the country. Meanwhile Los Angeles' homeownership rate languished at 35.9% in 2013, lower than it was in 2000 and one of the lowest rates among major American cities.
Transit-Oriented Development (TOD) offers a potential tool to ease this affordability crisis, as transit corridors throughout Los Angeles County are developed. The white paper examines both the opportunities and the risks of TOD in its relationship to employment and housing. The report highlights the need for economic development and good jobs along transit corridors, as well as the risks that TOD presents for residents with low incomes and high-rent burdens. Finally, the report offers a series of policy options to ensure that the opportunity to serve some of LA's most underserved neighborhoods is not missed.
We welcome your comments and feedback. We are excited about the opportunity for further dialogue and transformative work in the months ahead. Click here to read the full report
We help families of modest means become homeowners
. We also help struggling families save their home and preserve their neighborhoods from foreclosures. Whether you are trying to buy a home, save your home, or fix your home, we are here to provide help
NHS is proud of the help
we provide to families every day through:
Meet New Homeowner: Kolotita Fue
After obtaining her college education and maintaining a stable job as a civil engineer, Kolotita Fue decided she wanted to invest in a home of her own. She continued living at home in order to save on rent and started saving for a down payment. Kolotita began exploring her home buying options and came across an online homebuyer course that walked her through the purchasing process. After taking the course, Kolitita was referred to NHS by her realtor and began searching through NHS' properties. As a millennial, Kolotita is an avid user and strong supporter of Los Angeles' Metro system. Therefore, it was important for her to purchase a home close to transit so that she could minimize her driving without having to wake up several hours early to get to work. When she finally found a home close to transit with all the amenities she was seeking, Kolitita was ready to place her first offer on a home. Kolotita described this as an "oh my gosh moment" as she could not believe how quickly she had arrived at this life changing opportunity. Ms. Fue still believes that waiting to purchase a home as opposed to renting was the best decision she has ever made.