X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Steve Fifield Steve Fifield is the CEO of Fifield Cos. and co-founder of Century West Partners.

There is no debate that Los Angeles is suffering from an affordability crisis, but the term “affordable housing” may be misleading to many residents and voters, according to Steve Fifield. Affordable housing is housing that is allocated for residents earning a small percentage of the median area income, but it doesn’t include those making near that median income. In L.A., that may leave out residents making $50,000 to $75,000 per year who are struggling to get by at current rents. We sat down with Steve Fifield, a co-founder at Century West Partners to find out more about the differences between affordable and workforce housing.

Kelsi Maree Borland

GlobeSt

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.