"Experts are demanding an investigation and blasted the spending spree, as Los Angeles grapples with a housing crisis, draconian building restrictions and a budget deficit."
"Developer and former mayoral candidate Rick Caruso tore into city, county and state leaders for 'funding luxury,' adding the city was wasting huge sums on 'unsustainable' options while ignoring better alternatives."
"The California Post reviewed 83 properties provided by the California Department of Housing and Community Development through a public records request, all slated for conversion into homeless housing."
"In West Hollywood, the 20-room Holloway Motel was bought and overhauled for roughly $22 million, or about $1.05 million per unit."
Los Angeles has allocated at least $2.6 billion to purchase and renovate properties for the homeless since 2020, with $1.3 billion from the Homekey initiative. Properties include luxury apartments in affluent neighborhoods, featuring amenities like private balconies and gated parking. Critics, including developer Rick Caruso, have condemned the spending as wasteful and unsustainable, urging investigations into the high costs. For example, a 20-room motel in West Hollywood cost $22 million, while a project in San Fernando reached $40.7 million for just 27 units.
Read at California Post
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