A City Council committee approved a draft ordinance Tuesday regulating Airbnb and other home-sharing platforms in Los Angeles, moving the issue close to the finish line after three years of debate.

Allowing some low-income residents who live in rent-stabilized units to be home-sharing hosts has been one of the final outstanding issues, but it was not discussed in detail during Tuesday's meeting of the Planning and Land Use Management Committee, since a separate committee raised the issue.

Read More: https://www.msn.com/en-us/news/politics/la-inches-closer-to-regulating-airbnb-like-rentals/ar-BBQvRET