#section-8-vouchers

#section-8-vouchers

Weingart opened a 19-story, 278-unit tower in Skid Row last year. The project cost $167.7 million, or more than $600,000 per unit. The tower was funded with $32 million of the city's homeless housing bond, a $1.8 million land loan from the City of Los Angeles, $48.7 million in deferrable loans from the California Department of Housing and Community Development, $56.9 million in tax credit equity and $85.3 million in tax-exempt bonds.