Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The potential Costa Hawkins repeal coming to the California ballot in November is causing a wave of concern throughout the industry, with many concerned that it will pass and impede investment and development in Los Angeles. The Apartment Association of Greater Los Angeles took a public stand against the measure, which is officially called the Affordable Housing Act, and says that support is from a particular group led by Michael Weinstein, president of the AIDS Foundation, that has been active in fighting for more affordable housing options in Los Angeles.

The discussion is becoming heated over the issue, and Daniel M. Yukelson, executive director at AAGLA, demonstrated the intensity when asked about the support for the Affordable Housing Act. “The support for Costa-Hawkins is coming from one main backer, Michael Weinstein, who is the president of the AIDS Healthcare Foundation,” Yukelson tells GlobeSt.com. “He had been the primary backer of Measure S [on the Los Angeles ballot in March 2017], which would have placed a moratorium on building affordable housing units in the City of Los Angeles. Even more ironically, Weinstein campaigned against renters in 1993 as a candidate for City Council as he once referred to tenants as “transients.” It should be clarified that, if passed, Measure S would have placed a moratorium on housing projects seeking an exemption to the general plan, not on affordable housing units specifically.

Kelsi Maree Borland


Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.