Join us! June 18th 7pm
With Councilmember Albert Vera
and former Councilmember Goran Eriksson
American Legion Post 46
5309 S. Sepulveda Blvd.
Or online – RSVP for Zoom link
Reimagining Affordable Housing
Council approved $16 million for Jubilo Village – a private church. Is there a better way for affordable housing?
Come listen to Vera and Eriksson give their analysis on this, and what we as taxpaying residents can do about it.
We’ve seen the headlines. $24 million for Tilden Terrace – a 31 unit building. $35 million for the Astro/Ramada hotels with 70 beds for homeless – $10 million of that coming from the city.
And now, Jubilo Village, a 95-unit affordable housing project, is looking to cost close to $100 million – with $20 million plus $16 million in federal vouchers from our city approved this week. This development sits on the church of Freddy Puza’s campaign manager, which raises a conflict of interest issue as well.
We are following two lawsuits against this “loan”, which will never be repaid, as well as a staff report saying this will bankrupt the city.
Meanwhile, the state put our housing goals at over 3000 new units, with limits on affordability. Given these numbers, is this route any more than a pipe dream? Will our city just wind up bankrupt, with nothing to show for it? Could this money be better spent on rental assistance programs, or nurturing our existing housing stock?
Come join us at American Legion Post 46 to discuss how we can better spend our money as a city, and as a state, to resolve our housing issues.