L.A. Officials Enact New Affordable Housing Law
Amid skyrocketing rents and a housing crisis, Los Angeles Mayor Eric Garcetti Friday signed and praised a new law that aims to strengthen enforcement of the city's Rent Stabilization Ordinance.
The law will require landlords who demolish rent-controlled units under the Ellis Act to either replace them one-for-one with affordable units or make 20 percent of new units affordable, depending on which is higher.