MAYOR GARCETTI ANNOUNCES THE EXPANSION OF THE CITY’S SUPPORTIVE HOUSING LOAN FUND
Mayor Eric Garcetti today announced $20 million in new funding for the City’s Supportive Housing Loan Fund (SHLF), lifting its total available funding to $60 million in support of the Mayor’s goal to build 1,000 new units of permanent supportive housing each year. Managed by the Corporation for Supportive Housing (CSH), the SHLF loan fund is a public-private partnership that delivers capital to affordable housing builders, to help them acquire prime properties for permanent supportive housing. The SHLF can also…