web analytics

Venice Update

News of Venice, CA and Marina del Rey CA

LA Gets 65 Million in State Funds to Build for Homeless

LA Times reports that Los Angeles won nearly 65 million of greenhouse gas funds which are earmarked  to finance affordable housing near job centers and transit in order to reduce car trips.

The money allows for 553 below-market units to be built, the office of L.A. Mayor Eric Garcetti announced.   Nearly 350 of those residences are for formerly homeless individuals and planned for projects with supportive services. The remaining are for low-income households, who are increasingly struggling to afford a home in one of the nation’s most expensive cities.

See LA Times article.



Comment (1)

  1. Anonymous

    watch you really won’t see this materialize, someone will find a way to pocket most of it. Let’s not kid the people

Leave a Reply

Your email address will not be published.