David Wagner reports on business and economy for the LAist and KPCC newsroom.
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“I think that that will help move the needle in changing the market incentives more towards family housing,” Krekorian told LAist. “It's becoming increasingly difficult for people to enter the housing market to purchase. Which means they're going to be renters for a longer period of time. Which means we have to figure out how to fix this.”
City planners are currently crafting an update to the Boyle Heights Community Plan, a document that will guide future development in the largely Latino, working-class neighborhood. A recentEastside LEADS supports increasing the Community Plan’s existing requirement for affordable housing projects to include at least two bedrooms in 30% of their units.
Alameldin said lawmakers could instead explore other reforms to boost family-sized apartments. For example, he said, fire safety codes that currently require most apartment buildings to include two staircases could, the standard in many places outside the U.S. The layouts needed to fit two staircases typically take space away from additional bedrooms.
That’s when Irwin started thinking about a different path to homeownership: splitting the cost of a duplex. He and his wife had a friend of nearly 10 years who was willing to team up. In 2022, shortly before their second child was born, Irwin and his wife co-purchased a duplex in City Terrace with that friend for about $800,000.
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