Los Angeles
May 3, 2024
Shangri-La files for Chapter 11 on four motel-to-home conversions
LA developer accused by the state of misappropriating $114M in Project Homekey funds
Project Homekey
Get up to speed
San Francisco
Aug 26, 2022
Project Homekey to pump $226M into Bay Area homeless market
State award will fund 800 units at an average cost of $283K each
Los Angeles
Dec 1, 2023
Even with $120M in state grants, Shangri-La Industries can’t repay loans
LA firm owes $41M in defaulted debt tied to seven Project Homekey motel conversions