Los Angeles housing officials are planning to step in with immediate help to stabilize residential buildings that the financially strapped Skid Row Housing Trust is unable to maintain in habitable condition.
Next, the board turned to one of the internal candidates to fill the leadership void. Lee Raagas, who began consulting for the trust on growth and public funding in 2015, was elevated to chief operating officer in 2018, then tapped as chief executive. The Edward’s tenants were moved in 2018 before the trust had financing for the new construction. And that funding would never come.2020 annual report
Renderings of a proposed multi-use Skid Row Housing Trust development in South L.A., which would have included “a manufacturing plant that specializes in contained, indoor growth of cannabis and cannabis related products.” New board chairman Simon Ha responded to the complaint with a letter saying an investigation into the allegations against Raagas “did not result in sufficient evidence to substantiate the claims,” but that “there is a cultural problem and a perception problem arising out of lack of communication, confusion surrounding current procedures and processes, and a lack of clarity on roles, responsibilities, and expectations.
These included negative cash flow at 60% of its projects with state funding, liabilities dwarfing its assets, high staff turnover and insufficient resources to complete five projects in development.The agency found that the trust had removed tenants from the Edward, improperly used $100,000 from the Edward’s reserves for operating costs, kept units at the Simone vacant to
In November, state housing officials visited more than a dozen of the trust’s properties and found 250 habitability violations. Leaders of other skid row organizations told The Times that they have unpaid bills for services to the trust but are trying to resolve them without going to court.deplorable conditions at St. Mark’s Hotel.
One of those ventures, proposed by a consultant and promoted by Raagas, was to build a 10-acre cannabis growing, processing and distribution center on a vacant city property in South Los Angeles.
What happened? Public money was stolen again? Shiit, $750K per unit under 'yoga pants' Garsetty and no investigation at it? No wonder 🤣🤣🤣
Why not just give them $5 million each? Simple solution.
behind the scenes lol… just walk around los angeles we could tell
And was never there to expose the corruption, then. Thanks for the recap, now.
The organization had been cut off from local and state funding, borrowed millions to make payroll and, in a diversification scheme that horrified old-guard housing advocates, proposed a venture into cannabis production and sales to bring in revenue.
Thank your admin. They give small amounts of money to hold people down from achieving the American dream. Leftist is the worst form of racism.
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: DCist - 🏆 518. / 51 Read more »
Source: fox32news - 🏆 547. / 51 Read more »
Source: latimes - 🏆 11. / 82 Read more »
Source: 10News - 🏆 732. / 50 Read more »