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Council directs feasibility study for $100 million housing trust fund after broad public support
Summary
Following extensive public comment, the council instructed staff to study options for establishing a $100 million annual housing trust fund and to return with recommendations, recording unanimous support at the vote.
After an extended public hearing with community advocates and service providers, the Los Angeles City Council on July 17 voted to authorize a feasibility study into establishing a $100 million annual Housing Trust Fund to support affordable and transitional housing.
Speakers from community organizations — including Concerned Citizens of Central Los Angeles, Hollywood Community Action Network, Esperanza Community Housing, East LA Community Corporation, Fannie Mae, and other nonprofit providers — urged the council to dedicate local…
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