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LAHD to award remaining $4.9 million Pro Housing grant to stabilize three struggling permanent supportive housing projects
Summary
The Los Angeles Housing Department asked the committee to approve awards from a $4.9 million Pro Housing Incentive grant to a Micro Operational Reserve Replenishment Pilot to shore up three permanent supportive housing projects with multi‑year operating deficits; the committee approved the LAHD recommendations.
The Los Angeles Housing Department asked the Housing and Homelessness Committee on May 14 to award the remaining balance of a state Pro Housing Incentive grant—$4,900,000—to three permanent supportive housing (PSH) projects facing sustained operating deficits.
Hannah Levian, program staff from the Los Angeles Housing Department, said the Micro Operational Reserve Replenishment Pilot is intended to “support struggling permanent supportive housing projects” that have experienced negative operating cash flow for at least two of the last three years. Levian said the money is intended to…
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