Gov Newsom announces $101M funding to
build Palisades low-income housing
Posted By: NorthernDog, 7/9/2025 2:06:57 PM
Six months after the devastating Palisades and Eaton fires, California Gov. Gavin Newsom unveiled $101 million in funding Tuesday for “multifamily low-income housing development” that will “contribute to a more equitable and resilient Los Angeles." The priority is for “geographic proximity to the fire perimeters of the Eaton, Hughes, and Palisades fires.” Earlier this year, The Center Square broke news that California state law and a local Los Angeles ordinance require fire-destroyed rent-protected housing — which includes all apartments in the city built before October 1978 — be replaced with low-income housing. Because the affordability requirements use county-level income data
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Poor people have too much money
22 replies
What do the following have in common?
Sports gambling
Prescription drug TV advertisements
Thousand-dollar concert tickets
Monster pickup trucks
Monster RVs
Monster waistlines
Monster wives
Monster children
Cigarettes
Soda pop
Fingernails
Credit card debt
Lottery tickets
Fast food
Pot
Tattoos
Expensive phones
Fast food
The answer is this: The consumers of these goods and services are often relatively poor. Poor people are bad at both making money and spending money. They make too little of it and they spend too much of it – on things that are wasteful or even harmful to themselves and to society. Much of what they spend is on credit cards with 22% interest rates.
Comments:
40% of units must be for the homeless or people who were in jail or a mental institution. How are people like that going to live in a high income area where everything is expensive?