California Housing Projects for Homeless on Hold as Developer Defaults | KQED
Briefly

Espinoza denied Meyers' allegations, though one city appeared to back up the developer's claim. In Thousand Oaks, a Los Angeles suburb, Assistant City Manager Ingrid Hardy told CalMatters in an email that the city and developer submitted an affordability agreement for a Homekey project to the state department in February, and only received approval to record it within the last week.
The program - which gives cities, counties and local housing authorities money to build permanent housing for homeless residents - began in 2020 and has mostly funded hotel and motel conversions. Over the past three years, the housing department has granted $3.1 billion for 226 projects that, when all are completed, promise more than 14,000 units of affordable housing.
Read at KQED
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