LOS ANGELES—The multifamily market in Los Angeles is hot, but development for affordable housing has lagged behind, according to John Schulhof a director and past president at the Apartment Association of Greater Los Angeles. At the recent RealShare Los Angeles conference, Schulhof sat down with us for an exclusive interview to discuss the multifamily market in L.A., explaining:
- What is driving the multifamily market
- The key issues apartment owners are facing
- The need for more affordable housing
- His multifamily forecast for the remainder of the year
AAGLA EVP Jim Clarke recently talked to GlobeSt.com about the importance of the multifamily industry to the local economy, explaining that the apartment market contributed more than $63 billion to the L.A. economy in 2013. He added that he thinks the market could generate even more for the economy in years to come.
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