In the News
LA affordable housing developer saves time and money on project for formerly homeless tenants – KCRW
By Anna Scott Mar. 22, 2021 HOUSING & DEVELOPMENT
This bungalow court was built for less than half the cost of a typical permanent supportive housing project, and in a fraction of the time. With a total budget of around $1.6 million, the development by the nonprofit Restore Neighborhoods LA breaks down to about $225,000 per unit. Compare that to an average price of more than $500,000 for a new unit of homeless housing in the City of LA.
Well-designed rentals L.A. can afford. That’s the mission of the Backyard Homes Project – LA TIMES
By Sam Lubell
March 5, 2021 5 AM PT
The goal of the program is to confront high housing prices, displacement and lack of economic diversity, not just by making ADU rentals affordable but also by lowering the barriers for low- or moderate-income owners to become landlords, generating long-term income.