Grant Announcement: Bank of America

Permanent supportive housing – decent, affordable, community-based housing that offers voluntary support services – has proven to be most effective at helping individuals who struggle long-term homelessness. However, Los Angeles only has enough of permanent supportive housing to help 20% of those in need. We are proud to announce that Bank of America awarded the Trust $20,000 to help us continue creating safe and stable homes for some of our most vulnerable neighbors. With the support of partners like Bank of America, we aim to develop or renovate over 1,200 units of permanent supportive housing over the next five years. “Tackling the immediate needs of our homeless neighbors who continue to struggle with access to affordable housing is important to assist them with regaining and maintaining long-term stability,” said Raul A. Anaya, Los Angeles market president, Bank of America. “By supporting nonprofits like Skid Row Housing Trust, we can strengthen our community and play a vital role in its overall economic health.”