"The Los Angeles County Affordable Housing Solutions Agency on Wednesday approved nearly $11.5 million in homeless prevention funds, the largest single allocation yet for the new agency. The approval comes as other government entities cut back on some programs to fight homelessness, sparking concerns more people could make their way onto the streets and into shelters. "We are in a place to deploy new dollars at a moment where dollars are scarce," Long Beach Mayor Rex Richardson, who serves as chair of LACAHSA's board, said in an interview. "Help is on the way.""
"In a unanimous vote, the LACAHSA board of directors signed off on more than $7.6 million in direct rental subsidies and flexible financial assistance to people at risk of homelessness. Another $3.8 million in administrative funds was approved to run the effort."
"LACAHSA approved nearly $11.5 million to fund direct financial assistance for at-risk renters, marking the agency's largest allocation since voters approved the anti-homelessness Measure A. Local officials warn state and federal budget cuts could push more than 14,500 formerly homeless people back onto streets and say LACAHSA dollars could help some stay housed. By the end of June, LACAHSA expects to approve an additional $75 million to help struggling renters."
The agency approved nearly $11.5 million in homeless prevention funding, the largest allocation to date for that entity. More than $7.6 million will fund direct rental subsidies and flexible financial assistance for renters at risk of losing housing. Approximately $3.8 million was allocated for administrative costs to run the effort. The funding comes from Measure A sales tax revenues designated for affordable housing and prevention. Local officials warn state and federal budget cuts could push thousands back into homelessness. LACAHSA expects to approve an additional $75 million by the end of June to help struggling renters.
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