Mayor Announces Housing Proposal
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From Times Staff Reports
Mayor James K. Hahn announced a plan Thursday intended to ease a shortage of affordable housing in Los Angeles.
Under the plan, buyers of surplus city property must show that they intend to develop housing.
The city currently has 25 million square feet of surplus property.
“The city used to sell surplus property without regard to how it would be subsequently used,” Hahn said.
The plan “will make sure the city sells land in a way that increases Los Angeles’ housing stock,” he said.
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