Luxury Apartment Building for Homeless in Skid Row, Los Angeles

SOURCE www.breitbart.com
A taxpayer-funded luxury apartment building is set to open in Los Angeles's Skid Row neighborhood to provide housing and amenities for hundreds of homeless people. The project is part of a larger initiative by the Weingart Center to address homelessness in the city.

Key Points

  • Tower offers amenities like a cafĂ©, gym, art room, music room, computer room, library, and TV lounge
  • Financing from LA Housing Department, state housing funds, and $56 million in state tax credits

Pros

  • Provides housing and amenities for hundreds of homeless individuals in a notoriously challenging area
  • Creates a self-contained environment to support formerly homeless residents

Cons

  • High cost of the project at around $165 million
  • Each unit projected to cost around $600,000