VICA and the Affordable Housing Scam
|Day Street "Affordable Housing" in Tujunga|
Construction cost of individual units higher than that of single family homes
"CEO" of non-profit makes more than a City Council member
CALIFORNIA HOMES AND JOBS ACT RELIEVES BUILDING INDUSTRY, HOUSING SHORTAGE
SHERMAN OAKS, Calif.— The Valley Industry and Commerce Association (VICA) supports the California Homes and Jobs Act of 2013, which tackles two issues important to the San Fernando Valley: a lagging construction industry and an affordable housing shortage.
VICA’s Board of Directors voted to support the act, with the recommendation that the bill cap the number of documents that can incur a fee per transaction. The board agreed that a $75 fee is a worthy investment for much-needed housing and jobs but the policy becomes onerous when an individual is smacked with hundreds of dollars in fees in one single transaction.
Affordable housing programs have been funded primarily through Propositions 46 in 2002 and 1C in 2006, but both funds have been exhausted. We need to replenish these funds in order to stir economic growth and find homes for the hundreds of thousands of struggling families on the affordable housing waiting lists in the City of Los Angeles and L.A. County.
“A strong economy relies on a healthy construction sector,” said VICA Chair, David Adelman. “It makes sense to fund already-successful housing programs, while stimulating the building industry.”