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Barrington Plaza is an apartment complex in Los Angeles, California, located at 11740 Wilshire Boulevard in Sawtelle. At the time of its completion, in 1962, it was described as the largest privately built apartment development in the western United States .
The district is characterized by a predominance of rent-stabilized apartments, mixed-use buildings, and a long history of regional mass transit connections serving its central location. In recent years, mid-rise, mixed-use, market rate, and affordable rental housing has been planned , proposed, approved, constructed, and inhabited.
Public utility landlords such as non-profit organizations agreed to build 3000 new dwellings each year. Between 300 and 1000 of these units would be provided as "non-serviced rents." Additionally, private landlords agreed to construct 6000 units each year, and between 600 and 1200 of these units would be provided as "non-serviced rents." [152]
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
As of, April 2009, 70% of the South Tower's 376 luxury units and 14 townhouses had been sold. [42] Because of the occupancy rate and low profits so far, the developers had initially refused to pay $5.4 million in development fees that would be spent on rent subsidies, job training programs and community development in the South of Market area.
Non-profit housing is owned and managed by private non-profit groups such as churches, ethnocultural communities or by governments. Many units are provided by community development corporations (CDCs). They use private funding and government subsidies to support a rent-geared-towards-income program for low-income tenants. [7] [8] [clarification ...
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