Demand For Affordable Family Apartments Outpacing Supply

Nonprofit developers are building the larger apartments sought by low-income tenants, but not enough to meet the demand.

1 minute read

April 17, 2002, 12:00 PM PDT

By Christian Madera @http://www.twitter.com/cpmadera

"Apartment hunters scouring the city can find options ranging from palatial penthouses to spartan singles. But those searching for a simple three-bedroom unit will probably end up empty-handed. The scarcity of larger units is problematic in big urban centers such as Los Angeles, where large numbers of low-income and immigrant families squeeze into small one-bedroom and studio units, housing specialists said. Nonprofit housing developers have taken on the job of building large family-style apartments but in numbers that fall far short of demand...Despite strong demand in urban areas, the three-bedroom apartment remains one of the rarest forms of real estate. Only about 7% of the nation's nearly 16 million apartments have three or more bedrooms, according to the National Multi Housing Council."

Thanks to Christian Peralta

FULL STORY: Making More Room for Families

Tuesday, April 16, 2002 in The Los Angeles Times

Housing California

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