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In March 2015, the Los Angeles Alliance for a New Economy (LAANE) released Airbnb, Rising Rent, and the Housing Crisis in Los Angeles. That report, based on data gathered in October 2014, found that Airbnb listings were dominated by commercial operations and were exacerbating the lack of affordable rental units in L.A.’s already tight housing market. The goal of this reassessment is to determine how the size and scope of the short-term rental (STR) industry has changed over the last nine months. This policy brief examines listing information from a broad range of STR operators alongside new Airbnb data. Combining these data sources allows for an examination of how Airbnb’s internal composition has changed over the last nine months and allows for the creation of a more refined snapshot of the Los Angeles STR industry.
Community Benefit Agreement between LA and a developer of an area in the Hollywood area which ensures they pay a living wage, hire locally, engage in health care outreach programs, and do not displace existing tenants.
In this report, we introduce real-world examples of alternative solutions and responses to the housing crisis—rooted in permanent affordability and democratic community control—that people are actively working on in the Bay Area and beyond. It is time to move past the current for-profit market system and the crisis it has created. We must move boldly in a different direction—towards an understanding that housing is a human right.
The purpose of the Community Benefits Program for the North Hollywood Redevelopment Mixed-Use Project is to provide for a concerted and coordinated effort on the part of the City, the Agency, and the Developer to extend the benefits of the Development to the community. It should also serve to maximize community involvement in the planning, development and use of area resources to ensure that low-income individuals residing in the Valley Community benefit from the Development. For these reasons, and in consideration of mutual promises, undertakings, and covenants, the adequacy of which the Coalition and the Developer hereby acknowledge, the Coalition and the Developer, on behalf of themselves and their respective successors, partners, and assigns, agree to the terms set forth in this Community Benefits Program.
Overview of a tax fund program in Atlanta to prevent homeowner displacement due to the inability to pay a rise in property taxes due to revitalization efforts.
Sharing our homes has been commonplace for as long as there have been spare rooms and comfortable couches. Whether through word of mouth, ads in newspapers or flyers on community bulletin boards, renters and homeowners alike have always managed to rent out or share rooms in their living spaces. These transactions were decidedly analog, but they represented a genuine peer-to-peer marketplace. Websites like Craigslist eventually made connecting sellers to buyers far more common. Companies like HomeAway applied the same principle to the vacation home rental market, allowing owners of vacant homes to connect with vacationers. In all these cases, transactions were limited to the buyers and sellers. If there were negative effects arising from the transaction, they were largely limited to the buyers and sellers. AirBnB changes this basic formula. By incentivizing the large-scale conversion of residential units into tourist accommodations, AirBnB forces neighborhoods and cities to bear the costs of its business model. Residents must adapt to a tighter housing market. Increased tourist traffic alters neighborhood character while introducing new safety risks. Cities lose out on revenue that could have been invested in improving the basic quality of life for its residents. Jobs are lost and wages are lowered in the hospitality industry.