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Dem mayor of LA begs rich people to help pay to house the homeless

Los Angeles’ Democratic mayor has argued that the city cannot afford to fight the homeless crisis alone.she is now asking wealthy residents and charities You’ll have to fork out millions more to address the problem.

On Monday, Mayor Karen Bass gave the State of the State address. The speech lasted just under 35 minutes, but she spent more than 11 minutes, about a third of her speech, discussing homelessness and other issues related to it.

Part of the solution to “eradicating homelessness,” the mayor suggested, is finding funding sources other than taxes. “We brought the public sector together.” the bus said. “And now we must win with the humanity and generosity of the private sector.”

Bass explained that he needed help from “the luckiest Angelenos.” Many of them already pay large amounts of tuition fees. generous amount She named the program LA4LA, which uses a portion of taxes collected in California to purchase real estate that can be converted into permanent housing units.

“The rescue phase of an emergency is always expensive,” Bass said. “We have no choice. Renting a motel for the night is expensive.”

LA4LA participants will help the city continue to purchase motels and hotels for this effort. “Help us acquire more real estate, lower the cost of capital, and accelerate housing,” she said. “This…is LA4LA’s mission.”

Sara Dussault, lead strategist at LA4LA, claims the new initiative is already seeing significant contributions from local organizations. The Conrad N. Hilton Foundation has already committed to a $3.5 million grant, and the California Community Foundation has committed to a $5 million loan.

Stephen J. Krubeck, described by the LA Times as a “Beverly Hills-based investor and philanthropist,” also donated $1 million. “We need a path for people to come back into society, be proud of who they are and bring value to their communities,” Klubeck said.

Since taking office in December 2022, Bass has made addressing the city’s 46,000 homeless residents a priority. Another of his efforts that Bass carried out was inside the safeThe policy, touted by Bass during his speech, helped move about 2,600 residents from the streets to “indoor” areas, the Times reported.

But of these 2,600 “houseless” residents, more than 600 have already returned to living on the streets. Another 80 people have been killed or imprisoned, the Times reported.

Still, Bass is optimistic that his administration can achieve its goal of “preventing and ending homelessness,” not just “hiding” or “managing” homelessness.

“LA4LA could be a game-changer for Los Angeles, an unprecedented partnership in the face of this emergency, and an example of how we can disrupt the status quo and build new systems that save lives.” said.

You can read Mr. Bass’ full speech below. The topic of homelessness begins around 3:25 p.m.

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