#Skid Row Housing Trust

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homelessness
Los Angeles Times
1 month ago
Los Angeles

Controversial landlord wants to buy six more troubled Skid Row properties

AIDS Healthcare Foundation to buy properties from failed Skid Row housing trust for $27 million, continuing to operate as housing for formerly homeless residents. [ more ]
therealdeal.com
5 months ago
LA real estate

LA Could Redevelop Skid Row Housing Trust Properties

The city of Los Angeles has spent nearly $40 million to bail out the Skid Row Housing Trust and may spend an additional $70 million to redevelop its oldest and most troubled buildings.
City officials argue that abandoning the trust would lead to a humanitarian catastrophe, destroy affordable housing, and force thousands of residents into homelessness. [ more ]
Los Angeles Times
5 months ago
LA real estate

Taxpayer rescue of Skid Row's largest landlord nears $40 million

Los Angeles city taxpayer costs to rescue Skid Row Housing Trust are expected to reach $40 million, with more funds needed in 2024.
The city is trying to prevent a humanitarian catastrophe by stabilizing the trust's properties and turning them over to other nonprofit housing providers. [ more ]
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