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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two housing stocks could be building toward a breakout, traders sayHome construction stocks have been hitting the nail on the head over the past month, and two of them could be on their way to a bigger breakout.
Read more »
UN envoy challenges Malaysia's claim to near zero povertyA U.N. special rapporteur has challenged Malaysia's claim to have nearly ended poverty, saying an estimated one in six people in the Southeast Asian country are still considered poor
Read more »
The Best of Monterey Car Week 2019 in PhotosThe vehicle is one of six 8-liter Bentleys competing in the show, and one of only 100 ever built.
Read more »
New York's New Slew Of Thai Fast Casual EateriesExcellent Thai food has never been faster to get in New York City.
Read more »
This wetlands house is a refuge at 'the end of the world' - CNN VideoThis elevated house built on a wetland in the North Fork, Long Island was designed not only for maximizing views but also to protect against rising waters.
Read more »