The city of Los Angeles is set to receive $91.9 million in funding for housing assistance from the U.S. Department of Housing and Urban Development. This includes the nation's new largest grant -- in the amount of $10.1 million -- for homeless aid. The grant is to be used for 550 new permanent housing units.
Los Angeles was awarded the grant through a national competition for bonus funding. The amount awarded to the city -- through the Los Angeles Continuum of Care, lead by the Los Angeles Homeless Services Authority -- was the maximum bonus funding available.
Executive Director of LAHSA Peter Lynn stated, "These new projects will help more than 1,100 men, women and children move into permanent housing over the next year. LA can effectively compete for new funds and can efficiently reallocate the funding we already have to put it to best use housing our community's most vulnerable."