The Los Angeles Housing Department is looking for a portion of the state’s $ 2.75 billion Project Homekey funds.
The city agency recently issued a statement of intent to request about $ 30 million from this pool, according to Urbanize.
The city would use this money for Project Homekey’s core purpose – to acquire hotels to turn them into permanent and temporary support housing. The city looks at three properties with 143 rooms between them.
The money comes from the federal government, but is administered by the state government.
The amount of $ 2.75 billion is a two-year allocation. The state has billed it as part of a larger strategy to get people off the streets and expand the state’s housing stock.
Project Homekey is a sequel to the state’s project Roomkey program from the pandemic era. The latter program rented hotel rooms to people without protection and especially those who had health conditions that made them vulnerable to Covid-19.
Project Homekey has proven to be more successful than Project Roomkey, which was plagued by logistical issues.
LA has acquired 15 hotels with a total of 744 rooms across the city through the program with $ 120 million in funding from Project Homekey and an additional $ 60 million from other sources.
In September, city officials said they expect to buy between 500 and 1,000 hotel rooms through Project Homekey over the next two years.
The city is looking at two hotels in the San Fernando Valley and a third in Hollywood after their recent purchase.
About $ 14.3 million would buy Super 8 Canoga Park at 7631 Topanga Canyon Boulevard. All 52 rooms at the two-story motel would be used as temporary accommodation.
The city would buy Orchid Suites at 1753 Orchid Boulevard in Hollywood for $ 8 million and convert all 40 rooms into temporary housing.
The remaining $ 7.7 million would buy the Panorama Motel at 8209 Sepulveda Boulevard in Van Nuys. Similarly, all 51 rooms would become temporary support housing.
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