The Los Angeles Department of Housing is seeking a portion of the state’s $ 2.75 billion Homekey Project funds.
The city’s agency recently issued a notice of intent to ask for around $ 30 million from this pool, according to Urbanize.
The city would use this money for the main purpose of the Homekey project – acquiring hotels to convert them into permanent and temporary supportive housing. The city is eyeing three properties with 143 rooms between them.
The money comes from the federal government, but is administered by the state government.
The $ 2.75 billion is a two-year allocation. The state billed it as part of a larger strategy to get people off the streets and expand the state’s housing stock.
Project Homekey is the successor to the state’s Project Roomkey program during the pandemic era. The latter program rented hotel rooms for people who were not accommodated and those in particular who had health problems making them vulnerable to Covid-19.
Project Homekey was found to be more efficient than Project Roomkey, which was plagued by logistical challenges.
LA acquired 15 hotels with a total of 744 rooms across the city through the program with funding of $ 120 million from Project Homekey and an additional $ 60 million from other sources.
In September, city officials said they planned to purchase between 500 and 1,000 hotel rooms through Project Homekey over the next two years.
The city is considering two hotels in the San Fernando Valley and a third in Hollywood for its latest purchase.
About $ 14.3 million would buy the Super 8 Canoga Park at 7631 Topanga Canyon Boulevard. The 52 rooms of the two-story motel would be used as interim accommodation.
The city would buy the Orchid Suites at 1753 Orchid Boulevard in Hollywood for $ 8 million and convert the 40 rooms into temporary housing.
The remaining $ 7.7 million would buy the Panorama Motel at 8209 Sepulveda Boulevard in Van Nuys. Likewise, the 51 rooms would become temporary supportive housing.
[Urbanize] – Denis lynch