John Schreiber | My LA News
With at least $40 billion in transportation projects being built or planned in the Los Angeles area over the coming years, a transit-focused coalition urged city leaders Tuesday to keep housing near transit corridors affordable for those most dependent on public transportation.
Three-quarters of people in the Los Angeles area who use public transportation to get to work earn less than $25,000 a year — compared with the $60,000 median annual income for greater Los Angeles residents in 2014, according to the Alliance for Community Transit.
Those lower-wage earners could be priced out of neighborhoods near transportation hubs if city leaders fail to enact policies to protect them, according to an ACT white paper, which says research has shown that transportation projects tend to drive up nearby housing costs. Read more