OC Register:

OC Register:
October 12, 2016 Joanna Rivas

Opening the floodgates on unfettered construction would lower the cost of housing, an affordable housing advocate told a regional housing conference Tuesday. But that trickle-down approach will take a long time – 50 years, one study shows – before a new home built today becomes affordable. And by then, it will be old. “If you build subsidized housing, it becomes affordable immediately,” said Alan Greenlee, executive director of the Southern California Association of Nonprofit Housing. “The solution is building, but building in an appropriate way.” Greenlee’s call for increased affordable housing was one of dozens of proposals at the California Housing Summit, a gathering in Los Angeles of about 400 government, business and community leaders seeking solutions to Southern California’s housing affordability crisis.

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