Donovan Henry was relaxing in his motel room in Long Beach on Wednesday when he received a panic-inducing text.
After telling service providers early last week that it was suspending all outstanding emergency housing vouchers, or EHVs, the authority issued a new communication walking back the move on Friday, one day after the Los Angeles Times first inquired about the policy. In July 2021, HUD awarded 70,000 EHVs to housing authorities across the U.S., including 1,964 to LACDA. More than a year later,, or 32.6% of them, had been “leased up” or “leased out.” That means the people they were issued to “secured a unit and they entered into a fully executed lease agreement, a contract agreement with the property owner,” Salas said.
“You always have to over-issue vouchers in order to hit the target that you want to hit,” he said. “Otherwise it will take twice as long. We’re not going to issue 1,964 vouchers and stop there because we know based on historical data that not everyone will find a unit.”
Source: Real Estate Daily Report (realestatedailyreport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
With LA’s homeless count done, volunteers ponder meeting homeless neighborsHomeless counts on the streets of L.A. County are done. Volunteers say meeting the unhoused changed their thinking.
Source: ladailynews - 🏆 332. / 59 Read more »
Wait-and-see period dawns as new LA County leaders redouble homeless housing effortsA new year will see a renewed push in reducing homelessness. But only time will tell whether these efforts will succeed.
Source: ladailynews - 🏆 332. / 59 Read more »
USMNT’s January Camp of Uncertainty Ends With Draw vs. ColombiaThe USMNT’s goalless draw vs. Colombia had plenty of energy but lacked an end product. MarcusKrum on the match and where the U.S. goes amid leadership turnover MarcusKrum So…exactly like every game at the World Cup? Tons of great team football followed by panic and hopefulness in the final third.
Source: SInow - 🏆 273. / 63 Read more »
Chinese consumers seem willing to spend money again after 3 years of economic uncertaintyIn 2022, China showed the second-lowest growth level in more than four decades. But with COVID restrictions lifted, Chinese consumers are showing new confidence. Inflationary
Source: FoxBusiness - 🏆 458. / 53 Read more »
Apple earnings may rely on an unlikely hero amid iPhone uncertaintyApple Inc.'s Mac business has enjoyed a renaissance that's lasted far beyond the initial pandemic-driven boom. Can the momentum continue?
Source: MarketWatch - 🏆 3. / 97 Read more »
Debate on USMNT after January games, administration upheaval and coaching uncertaintyInquirer soccer writer Jonathan Tannenwald and soccer editor Andrea Canales covered the games and news out of the first month of the USMNT's already tumultuous year, taking away different views.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »