Homelessness Reduction and Prevention, Housing and Facilities Bond
This $1.2 billion bond measure would allow for the construction of 8,000-10,000 units of safe, clean affordable housing for the homeless and for those in danger of becoming homeless, such as battered women and their children, veterans, seniors, foster youth and the disabled. It would also provide facilities to increase access to mental health care, drug and alcohol treatment and other services. Property owners would be required to pay an average of $9.64 per assessed $100,000 value. The bond would have citizen oversight and annual financial audits. Two-thirds support is required for passage.
Bottomline: The Chamber SUPPORTS this measure because homelessness is a crisis in L.A. and we have a seven-year history of working with the United Way of Greater Los Angeles to find a revenue stream for the building of permanent supportive housing.