Mayor Bass' ambitious housing program calls on L.A.'s wealthy. Can she pull it off?

Los Angeles has always been a city of extremes, but the homelessness crisis is exposing the divide between rich and poor in startling ways. A-listers in designer gowns and million-dollar jewels parade down the red carpet, blocks from tents where people live in unsanitary conditions. Private jets take off at Van Nuys Airport, soaring over streets lined with RVs and crowded apartment complexes.

Chief Executive Douglas Guthrie said that the authority is close to purchasing buildings using LA4LA financing and anticipates closing on new apartment units by early fall. Outside donors want to help with the crisis, and they 'just need to know how,' said Guthrie. 'We're trying to give them avenues to do that.

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