I would be remiss if I didn't signal-boost the Westside Current's incredible exclusive investigation into the 1,227 Project Homekey units that are still vacant, more than two years after HACLA paid obscene amounts of money for them.
The Westside Current's Chris LeGras and Jamie Page have done a deep dive into the many, many apartments (including luxury buildings) that the city bought more than two years ago and has failed to fill.
Here are some key takeaways:
At least five buildings have never been occupied. The properties range from low-end motels to luxury apartments HACLA acquired from for-profit developers, in many cases for record-breaking prices.
In at least two cases, the real estate broker representing the developer-sellers took to social media to boast that they were the most expensive buildings ever sold in their respective zip codes.
All told, an estimated 794 Homekey Round 2 units – 58% of the total – are vacant more than two years after HACLA bought them. This brings the estimated total number of vacant Homekey apartments and rooms to 1,227.
You will be horrified at the bloated costs to taxpayers - and sickened by the knowledge that you, the taxpayer, are pitching in to pay for all this mismanagement and waste.
Please, please, please read the entire article. Spread it far and wide - make it go as viral as possible. There will be two others in the series; please read those when they come out (I'll give them a boost as well).
5050 W. Pico Blvd., Mid-Wilshire.
10150 Hillhaven Ave., Sunland-Tujunga.
253 S. Hoover Street, Rampart Village.
3501 S. Western Ave., Exposition Park.
6531 S. Sepulveda Blvd, Westchester.
916 N. Alvarado Street, Echo Park.
21121 Vanowen Street, Canoga Park.
1654 W. Florence Blvd., Manchester Square.
...and, presumably, more buildings that weren't specifically called out.
About C.C. de Vere
C.C. is a fourth-generation Angeleno and is horrified at what greed and hubris are doing to Los Angeles.
This website was built by her preservation pals at Esotouric.
