Multifamily: A Rise in Rents and Micro Apartments

The Code Solution is excited to announce our first guest post from our friends at The Llenrock Group! The following post was originally published on Llenrock Blog. 

If you’ve heard anything about housing trends, you know that multi-family developments are on the rise. And the American dream seems like just that – a dream. More residents are renting rather than buying. There’s also been a huge influx of “micro” apartments. What does that mean for you? If you’re in the market to rent (or buy), you’ll want to read on!

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Our Interview With Noah Strouse of Historic Core BID

The Historic Core is one of the most diverse neighborhoods in the City of Los Angeles. The community is made up of nearly 1:1 market rate and low-income housing. During the early 2000s, it was the epicenter of residential growth with the adaptive reuse ordinance, where previously abandoned or underutilized office and manufacturing was converted to housing. Along with the new units, under the 2005 Residential Hotel Ordinance, thousands of units of low income and permanent supportive housing were preserved.

The mission of the Historic Core Business Improvement District (HCBID) is to improve the quality of life of residents, property, and business owners in Downtown LA’s Historic Core through clean, safe, and enterprise programs. The HCBID is paid for by local tax assessments. Each contribution whether large or small helps keep the neighborhood cleaner and safer, helps local businesses grow and thrive, and supports the diverse neighborhood culture.

BID-Boundary-Map-2015-v01Historic Core of Downtown Los Angeles

At the “core” of their ongoing efforts to improve the Historic Core of Los Angeles is Noah Strouse, Marketing & Service Coordinator for the Historic Core Business Improvement District. We had a chance to chat with Noah and discuss what is going on in the Historic Core, new developments they are excited about, and how the Historic Core BID is promoting responsible development within the neighborhood.

noah blair mayorNoah Strouse with HCBID’s Executive Director Blair Besten and Mayor Eric Garcetti

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