Homeless housing initiative garners $1M in donations

Los Angeles /
Jan.January 23, 2017 09:30 AM

A campaign to introduce a quarter-cent sales tax for L.A.’s homeless services has raised more than $1 million, much of it from real estate interests.

Two companies linked to former L.A. Dodgers owner and real estate developer Frank McCourt gave a combined $200,000, while El Segundo-based commercial real estate firm Continental Development gave $100,000, the Los Angeles Times reported.

If passed, the proposal, known as Measure H, would raise about $350 million annually for homelessness prevention and affordable housing. It would also provide services for housing created by Proposition HHH, a measure green-lighting $1.2 billion in bonds to pay for 10,000 units of housing for the homeless which passed last year.

Other real estate entities that made donations to the Measure H campaign include Walsh/Shea Corridor Constructors and Tutor Perini Corp., both of which gave $50,000, as well as Stelee Industries Inc., which gave $40,000. L.A. Supervisor Mark Ridley-Thomas and hedge fund manager Tom Meyer also kicked in funds supporting Measure H. [LAT]Cathaleen Chen


Related Articles

arrow_forward_ios
Arcadia residents are protesting a plan to give shelter to homeless people. (Getty)
Asian Americans protest ‘tiny homes’ for homeless in Arcadia
Asian Americans protest ‘tiny homes’ for homeless in Arcadia
(Getty, iStock)
Appeals court pauses controversial Skid Row housing order
Appeals court pauses controversial Skid Row housing order
Judge David O. Carter (Getty)
Judge orders city, county to house Skid Row residents by fall
Judge orders city, county to house Skid Row residents by fall
City Councilman Paul Koretz (Wikipedia Commons, iStock)
Backlash over high cost of tiny houses
Backlash over high cost of tiny houses
Tents in Los Angeles, California (Credit: APU GOMES/AFP via Getty Images)
LA officials cut $300M homeless housing deal
LA officials cut $300M homeless housing deal
(Credit: iStock)
In LA’s affordable housing crisis, there is room for the “vanlord”
In LA’s affordable housing crisis, there is room for the “vanlord”
Mayor of Los Angeles Eric Garcetti (top) and Herb Wesson (bottom) with a Google Earth shot of LA County (Credit: Getty Images, Wikipedia, and Google Earth)
Despite housing crisis, LA lags in building on its own sprawling land portfolio
Despite housing crisis, LA lags in building on its own sprawling land portfolio
Most LA neighborhoods lag behind homeless housing goal
Most LA neighborhoods lag behind homeless housing goal
Most LA neighborhoods lag behind homeless housing goal
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...