After hustling to get as many housing projects started as soon as possible, Los Angeles is coming to the end of the money available through Proposition HHH.
Construction is underway on North Madison Avenue, where money from Proposition HHH is being used to construct PATH Metro Villas, which will provide housing and social services for formerly homeless individuals. Other projects are in the pipeline with one set to open in December.
In the coming weeks, city housing officials will review bids far exceeding the $338 million remaining in Proposition HHH. To get close to the 10,000-unit goal, they will need to tap other sources of funding from the state and employ new ideas for building housing less expensively.Construction on several housing projects has started, and the pace is picking up. But the first units won’t be ready until December.
That leaves only about $117,000 in subsidies for each of the 2,880 supportive units that remain to be funded — or less if more affordable housing units are approved. Second, reacting to pressure from the citizens committee appointed to oversee HHH spending, the City Council in January setfrom the $338 million for Mayor Eric Garcetti to explore faster and cheaper methods for building homeless housing.
That would still leave the city making up lost ground in building 3,000 units with non-HHH funding sources.
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