A Los Angeles City Council committee agreed this week to explore ways of helping property owners finance costly seismic retrofits required by law in roughly 15,000 buildings.

The city passed an ordinance in 2015 requiring the retrofitting, but the high upfront costs can cause enormous financial strain on property owners and could prevent its implementation, according to a motion introduced by Councilman Mitchell Englander and approved Monday by the Budget and Finance Committee.

Read More: http://www.latimes.com/local/lanow/la-me-seismic-safety-money-20180321-story.html