Second Project Homekey Purchase Approved

Los Angeles County and the City of Long Beach have been working with Project Homekey, a California state project designed to create more affordable housing by converting hotels into homeless housing. The project was started during the pandemic. The purchase of a Holiday Inn location in Long Beach had already been approved on October 13th, and on October 20th another location was approved in Los Angeles, the Motel 6 on 5665 E. Seventh St.

Long Beach is aiming to purchase another yet undisclosed location as well. The city has asked for up to $36 million from the Project Homekey fund, majority funding for which is from Coronavirus Aid Relief Funds. The city council isn’t expecting to be approved for the full amount, but is hoping to get at least $15 million to go toward acquisition and operating costs.

Photo by Gabriel Alenius on Unsplash

More: https://lbbusinessjournal.com/supervisors-approve-purchase-of-second-hotel-for-conversion-to-homeless-housing

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