What’s the Story on Linkage Fees for Affordable Housing?
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Los Angeles has the least affordable housing in the United States. It is short some 500,000 units of housing for its population. Rising population, which pushes up land, materials, and labors costs, has made affordable housing in California a mostly unprofitable investment. Cities throughout the state have found themselves facing chronic and deepening housing shortages, with increasingly unaffordable rents. The response has been to look to government subsidies to try to fill the gap.
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