Homeless housing crisis aided with $64.6 million loans

Skid Row Housing Trust’s Six Four Nine Lofts development was awarded $5.3 million in California cap-and-trade funding through the Affordable Housing and Sustainable Communities Program (AHSC). Six Four Nine Lofts will create 55 supportive homes for homeless and disabled individuals in Downtown Los Angeles’ Skid Row neighborhood. A ground-floor medical clinic, with dental, optometry, pharmacy and mental healthcare services, will be operated by Los Angeles Christian Health Centers and is expected to serve 7,500 people each year. In addition, a portion the funding will be used for pedestrian and bike infrastructure improvements around the development, including a new Metro Bike Share Hub. “This development will not only provide homes for people experiencing homelessness, but it will also place housing and medical services near improved transit options,” said Ben Rosen, the Trust’s Director of Real Estate Development. “By making the community more sustainable, Six Four Nine Lofts is expected to reduce greenhouse gas emissions by 19,182 metric tons.”

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