At the Los Angeles Builders Association (LABA), our mission is to ensure that Los Angeles grows and thrives by focusing on the following key areas:
Building Affordable Housing
Meeting Demand and Addressing Shortages
We aim to create affordable living options by transforming single-family lots into multi-family housing. This approach helps alleviate the severe shortage of affordable housing in LA, offering young professionals and large families, more cost-effective units they can comfortably share.
Offering Affordable Living
The current inventory of apartments in LA is primarily small units, which are often too expensive for young professionals and insufficient for large families. By building larger units with multiple bedrooms and bathrooms, we provide more affordable housing options, preventing the outmigration of residents who can't afford the rising rent prices.
Creating Naturally Occurring Affordable Housing through Light Touch Density
By incorporating light touch density strategies, we aim to increase the number of naturally occurring affordable housing units available in Los Angeles. This approach allows for the addition of small-scale, multi-family housing within predominantly single-family neighborhoods, helping to alleviate the housing shortage.
Supporting Youth and Education
Investing in the Future
Youth and education are crucial for the future of Los Angeles. Affordable housing enables young professionals to pursue their dreams and contribute to the city’s growth. By providing starter homes, we make the American Dream more attainable, fostering a vibrant, youthful community.
Encouraging New Opportunities
Many young people dream of moving to Hollywood and LA. By offering affordable housing options, we help make these dreams a reality, ensuring that financial limitations do not hinder their aspirations.
Accommodating Large Families and Multi-Generational Tenancy
Creating More Housing Units
We focus on building housing that accommodates large families and multi-generational living. Our designs allow multiple families to share a home comfortably, supporting diverse living arrangements, including immigrants who need affordable housing.
Increasing Density
By turning single-family homes into multi-family units, we increase housing density and provide more living spaces for the community.
Supporting Real Estate Professionals
Creating Opportunities
Developers, general contractors, and construction workers are essential to our mission. We advocate for policies that support their work and address the labor shortage in the construction industry. By collaborating with the city, we aim to create a more supportive environment that encourages development and job creation.
Addressing Manpower Shortages
The construction industry is facing a significant labor shortage. By supporting developers and construction workers, we aim to prevent this crisis from worsening and ensure a steady workforce for future projects.
Redeveloping Distressed Homes
Targeting Old and Distressed Properties
About 80% of single-family homes in LA are over 60 years old and in poor condition. Renovating these homes is often not feasible. We target these properties for redevelopment, creating modern, multi-family units that offer better living conditions.
Providing Opportunities for Homeowners
We offer homeowners top dollar for their properties, often more than the market value, by valuing the lot's potential rather than the current structure. This provides homeowners with financial opportunities and allows us to build new, more efficient housing on their lots.
Preventing Displacement
Keeping Residents in LA
Providing more affordable housing through thoughtful development helps prevent the displacement of residents who may otherwise be priced out of their homes. By offering a range of housing options, we ensure that more people can continue to live and thrive in Los Angeles, preserving the diversity and vibrancy of our communities.
Maintaining Community Stability
By building more housing, we help prevent displacement, contributing to the stability and continuity of neighborhoods. This allows long-term residents to remain in their communities, fostering stronger community ties and a sense of belonging among residents.
Collaborative Efforts for Mutual Understanding
Working with the City
We aim to collaborate with city officials to address regulatory challenges and develop balanced solutions that benefit all parties involved. Our goal is to ensure that new regulations do not hinder the growth and development of Los Angeles but instead support sustainable progress.
Spreading the Word
We are committed to sharing our perspective with residents, tenants, neighborhoods, and city officials. It is important that we all come together to understand the benefits of development and work towards common goals.
Join Us in Our Mission!
By working together, we can build a brighter future for Los Angeles. We invite you to join us in our efforts to create affordable housing, support youth and education, accommodate large families, and provide opportunities for real estate professionals. Together, we can ensure that Los Angeles continues to grow and thrive in a balanced and sustainable manner.