Last year, the State of California used a total of $846 million to purchase and subsidize 6,029 units in less than six months. The purpose of these acquisitions was to create permanent places for at-risk individuals experiencing homelessness to live safely, protecting them from many public health risks, including the impacts of the COVID-19 pandemic.
In order to meet the goals set for the City of Los Angeles, we need to commit to this type of acquisition. Therefore, we propose a significant expansion of the Homekey program. In addition to purchasing hotels, we advocate that Los Angeles operate under a lease-to-own agreement. This will ensure that the city will not be responsible for costs in full until it has received resources from the state and/or federal government.