With L.A.'s transit system expanding its footprint and growing its ridership, $100 million in development capital from a national philanthropic organization will help fund projects around stations in the city's underserved communities.
"The Local Initiatives Support Corporation (LISC), a national philanthropic organization that provides monetary support for the shoring up of distressed communities, has pledged $100 million in capital to lead an effort to develop 15 low-income neighborhoods in the City of Los Angeles," reports Elizabeth Fazzare.
"The monetary initiative by LISC will continue development beyond transit, expanding affordable housing, schools, businesses, and community facilities, and will complete market assessments of each neighborhood to strategize locale-specific investment."
FULL STORY: LOS ANGELES RECEIVES $100M FOR AFFORDABLE TRANSIT ORIENTED DEVELOPMENT
LA Parking Reform is Bearing Fruit
Changes to minimum parking requirements near transit lines are spurring more residential development with little or no on-site parking.
Is L.A. TOD Purposely Pushing out Low-Income Residents and Local Businesses?
A protest last week through downtown Los Angeles was meant to raise awareness of local activists' concerns that Los Angeles County Metro is displacing working class people and small businesses as it develops land adjacent to its stations.
What Has Measure ULA Achieved?
Los Angeles has imposed an additional tax on luxury home sales to generate millions for housing efforts in the city. Shelterforce checks in on where the money has gone, and what’s to come.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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