Los Angeles
From the meeting · City Council, · 0:38
Should owning a new condo cost more in city fees than renting?
The council votes on a motion asking city budget staff to study cutting or restructuring city fees on for-sale housing. This is the end of the author's pitch and the vote that follows.
a speaker and the presiding officer
Automatic captions
Speech-to-text from the recording, unchecked.
a speaker We need more rental housing for sure, but we also need apartments that people can own.
a speaker And so this motion doesn't eliminate a single fee today.
a speaker It asks our CAO to examine the costs we're imposing on ownership housing and come back with options to reduce, defer, or restructure them so that they parallel apartment buildings.
a speaker If we're serious about making LA a place where middle income families can build wealth in a future, through ownership we need to give them a realistic path to getting there.
a speaker And so I ask for your support.
a speaker Thank you colleagues.
the presiding officer Thank you Councilmember Yaroslavsky, and thank you for your work on this important item.
the presiding officer Let's open the roll, close the roll, tabulate the vote.
a speaker 14 ayes.
Where it's from
- Study of cutting city fees on small for-sale housing Item 24: what happened
- The episode: Council weighs county homelessness terms; Fire Department maps Measure FD
- The full recording from here