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LAHD seeks quick council approval to accept $4.9 million state Pro Housing Incentive grant for operating reserves
Summary
LAHD told the Housing and Homelessness Committee on April 9 that it seeks council acceptance of a $4.9 million Pro Housing Incentive grant from the state to shore up operating reserves for four Skid Row properties and to fund a small pilot of an operational replenishment reserve program.
On April 9 the Los Angeles Housing Department (LAHD) presented a transmittal asking the committee to accept a $4,900,000 grant from the California Department of Housing and Community Development—s Pro Housing Incentive program. LAHD Director of Housing Development and Finance Elizabeth Selby said the department recommends using $3,427,552 of the grant to support operating reserves for several Skid Row Housing Trust properties now owned by PATH, and $1,472,448 for a pilot operational replenishment reserve…
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