The Skid Row Housing Trust’s failure raises alarms about the sustainability of supportive housing in Los Angeles. Key issues identified include inadequate rental subsidies and mismanagement, which led to the trust's inability to maintain its 2,000 units. Leaders forced the organization into receivership, costing taxpayers nearly $40 million. The report highlights the need for thorough reforms in the housing sector to prevent further collapses that would jeopardize housing solutions for at-risk populations.
"It's time to dig in and figure out a vision for this sector moving forward."
"The trust announced in early 2023 it could no longer manage its 2,000 units across 29 properties, many of which were renovated."
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