While the Fifth Council District includes some of the most affluent neighborhoods in Los Angeles, it also includes great neighborhoods filled with older apartment buildings that provide affordable housing for tens of thousands of working class, senior and youthful residents, amongst many others. Many of these buildings are under economic pressure to be demolished and the property redeveloped for modern, but much more expensive, new residential units. This displacement can place serious financial hardships on the existing residents and some can be faced with having to leave Los Angeles or become homeless if they can’t find affordable places to live in a city that has been described as the “most unaffordable” in the country for renters. Councilmember Koretz is working to find viable ways to address these difficult issues.
Councilmember Koretz speaks out for tenants displaced by illegal short-term rentals.
Councilmember Koretz’s housing initiatives and proposals:
Authored proposals to improve protections of renters faced with eviction under the state Ellis Act.
Challenged the Housing and Planning departments to come up with ways to strengthen the City’s Rent Stabilization Ordinance and to stop land use practices that unfairly jeopardize existing affordably priced rental units.
Called for the creation of Affordable Housing Impact Statements" for developments that threaten the affordability of housing in their vicinity, a concept that is being introduced in cities across the country.
Supported the declaration of several historic multi-family and single-family residential properties in the district as Cultural-Historic Monuments.
Actively supported the refinancing of several existing affordable apartment buildings so they could be rehabilitated and retained as affordable for decades to come.
Supported the City’s new seismic retrofit law that will help to preserve tens of thousands of existing rental and condominium units and make them safe from the threat of earthquakes.
Sponsored a major Interim Control Ordinance to protect single-family neighborhoods from the rampant destruction of existing homes and over-building while new regulations to combat “mansionization" are developed.
Called on City Council to explore additional strategies to preserve existing affordable housing and produce new affordable units that could include channeling new projects to commercial areas where no residential units will be threatened, and securing more financing for affordable housing both locally and from the state.
Supports regulation of home-sharing (short-term rentals) so that it has minimal impact on the supply of affordable housing available to long-term renters.
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