Why Did The Skid Row Housing Trust Collapse?
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Clement Narvaez
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Put on and tear on apartments suffers accordingly, constructing operators say, doubtlessly creating a downward spiral wherein damaged units cannot be reoccupied, chopping into the building’s rental revenue. For years, as its operating funds dipped further into the purple, the trust has allowed extra of these models to stay vacant. The Housing Authority of the city of Los Angeles, which must clear all subsidized models for occupancy, has holds on 253 items spread over almost half the trust’s buildings, prohibiting the occupancy of 15% of the nonprofit’s items.
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