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Reclaiming Koreatown: A Prescription For Current And Future Needs Of Koreatown Residents, Edward J.W. Park, Koreatown Immigrant Workers Alliance

Asian and Asian American Studies Faculty Works

This report presents current and future needs of neighborhood residents and analyzes the challenges facing the multi-ethnic, low-income Koreatown community in Los Angeles. For the thousands of low-income residents of Los Angeles's Koreatown, the economic hardships brought on by the recent subprime mortgage housing and financial crises are not new. In the words of a Koreatown resident, "....the housing 'crisis' has been a crisis for us for a long time." Well before the current recession, Koreatown residents were complaining of increased housing costs due to the influx of upscale luxury housing units that replaced affordable housing units. The 2008 financial …