Public Counsel and Katten Protect $38 Million for Affordable Homes in Los Angeles
A Sacramento judge has protected more than $38 million in funds for affordable homes. Public Counsel and the law firm of Katten Muchin Rosenman LLP asked the judge for an injunction to prevent the state of California from taking the City of Industry Funds, a crucial source of funding for affordable housing in the Los Angeles region.
Since the program began in the mid-1990s, over $200 million has been allocated for the development of more than 8,000 units of affordable housing. The judge's order prohibits the funds from being disbursed for purposes other than affordable housing for low and moderate income people.
"Every day someone has to endure another day with no housing or living in substandard or overcrowded conditions they suffer an irreparable harm," said Katten partner Allan Abshez, who argued the case.
"City of Industry affordable housing funds have fueled the construction of thousands of homes for seniors, veterans, and people with disabilities," said Annie Lainer Marquit, staff attorney at Public Counsel. "The Court's order was an important step to preserve these funds for vulnerable people as state law requires."