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(iStock, Urbanize LA/Photo Illustration by Steven Dilakian for The Real Deal)

City of LA to buy 16 buildings to house homeless

The City of Los Angeles and its housing authority will spend more than $500 million to buy 16 hotels...

City of LA to buy 16 buildings to house homeless
Photo illustration of Gov. Gavin Newsom and the Holiday Inn in Long Beach (Getty, Google Maps)

California spent $850M on inns for homeless

Hotel sales in California fell through the floor in 2020, but a state-run spending spree produced dozens of deals at year’s end. Gov. Gavin Newsom announced last week that the state used money from...

California spent $850M on inns for homeless
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