Building housing for homeless people is slow and costly, and is getting slower and costlier every year. But six developers are getting a chance to show how they would do it faster and cheaper.
Gov. Gavin Newsom is pushing Southern California officials to plan for more than three times the new housing they proposed.
Some of the development teams said they had specific properties in mind, and were negotiating or had just closed deals, but none had full control. Each developer will have four months to secure land, then another year to complete its financing. If they don’t meet the deadline, the money will return to HHH, Winter said.Restore Neighborhoods LA would receive $10 million of HHH funds to build 95 one-bedroom supportive housing units that would be built on small lots not requiring zoning changes.
Abode Communities and Mercy Housing would receive $40 million to build 360 supportive units in six modular projects. A $5 million revolving fund covering factory work and deposits will be repaid as the modules are delivered.
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