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Mixed-Income In a Bad Market

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Neon Tommy talks to LA's Housing Department General Manager Douglas Guthrie, who says mixed-income housing is necessary in LA, and that he's trying to figure out how to move forward following the court decision that developer Geoff Palmer can exclude low-income housing from his Piero II project. Even without the court decision, Guthrie says mixed-income housing is "easier to do in a stronger marketplace...Part of that mix is market rate housing and you need to be able to develop a market for that housing to make the overall financing viable. It takes a lot of effort but I think the end product is clearly well worth it. I'm a strong believer that mixed-income housing is a very good approach. It's just harder and takes longer to get it done." [Neon Tommy, previously]