Mayor sets housing goals

With the city mired in a foreclosure and affordable housing crisis, Mayor Antonio Villaraigosa has created a five-year, $5billion plan to help develop and preserve 20,000 units of reasonably priced housing for low-income and middle-class Angelenos. Kerry Cavanaugh in the Daily News.

Developed by managers of the city's housing, planning and redevelopment agencies, the plan includes existing city initiatives and some new, controversial proposals, including requiring developers to include low-income units in new projects.

The goal is to stimulate the construction of more publicly and privately funded housing for families earning less than $90,000 a year.