Los Angeles is putting the largest municipal housing bond ever on its ballot this November. The $1 billion bond would pay for an estimated 20,000 affordable units and create a home loan program for workers priced out of the current market. Several city councilors pushed for the bond after inclusionary zoning legislation went nowhere, and the city’s housing trust fund ran low on money. Business, labor and the mayor support the bond, but it’s hard to say if voters will. (LA Times, 7/31)
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