Los Angeles Receives $10.5 Million In Affordable Housing Grants

The city of Los Angeles recently received $10.5 million in affordable housing grants. The grants—which are being provided via the Federal Home Loan Bank of San Francisco—will be used to help fund nine housing projects throughout the city.

The funding comes as part of the larger $65.9 million Affordable Housing Program grants that are being awarded throughout Arizona, California, Nevada, and other states. In total, the program is awarding 70 different housing developments that are anticipated to create more than 6,000 units. The funding comes at a crucial time, as homelessness continues to rise in . . .