City of LA taking over Skid Row nonprofit that manages 2,000 units of subsidized housing

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City of LA taking over Skid Row nonprofit that manages 2,000 units of subsidized housing
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City of Los Angeles taking over Skid Row Housing Trust, which manages 2,000 units of subsidized housing

The city of Los Angeles is taking over the Skid Row Housing Trust, a nonprofit that manages 2,000 units of subsidized housing.Skid Row housing trust, a nonprofit that owns and operates 29 buildings, 2,000 units of subsidized housing on Skid Row, is in such dire financial trouble that the city of Los Angeles is stepping in.

"This is a massive undertaking and if this works ladies and gentleman we may have found a solution to replenish and rehabilitate our housing stock for years to come," said LA City Attorney Hydee Feldstein-Soto.The financial problems for the trust have resulted in poor conditions that are dangerous for tenants including fire hazards, leaking roofs and elevator issues. The city is seeking a public health and safety receivership to save the 29 buildings.

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