LA City Council OKs $10M for receivership to oversee Skid Row Housing Trust

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LA City Council OKs $10M for receivership to oversee Skid Row Housing Trust
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LA City Council approves an additional $10 million to further rehabilitate 22 dilapidated buildings in Skid Row area.

Mayor Karen Bass speaks during a press conference with City Attorney Hydee Feldstein Soto to talk about the Skid Row Housing Trust in Los Angeles, Thursday, Mar 30, 2023. After previously approving $2 million in early October to maintain and repair 22 dilapidated buildings in the Skid Row area under a receivership, the Los Angeles City Council on Tuesday, Oct. 31, approved an additional $10 million to continue rehabilitation efforts on those properties.

“I already have a bad taste in my mouth with the way this began. And so, when you then follow that experience with a ‘hurry up and give me $2 million, or give us $12 million. Trust us,”‘ Rodriguez said. “Sorry, that part was already done with the first receiver. That’s unacceptable to me.” In June, Judge Mitchell Beckloff, who is overseeing the receivership, concurred with city leaders’ call to remove Mark Adams, president of the California Receivership Group, as receiver. As part of those events, the Council also authorized a $10 million loan to support “critical building repairs and operations” for those properties in the housing trust.

Singer noted there are 1,000 people living at some of these 22 properties. These people would be on the streets, if it were not for the city’s decision to intercede when the non-profit failed.

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