By: Benjamin Oreskes, Doug Smith | Los Angeles Times
Skid row’s flagship owner and operator of subsidized housing is on the verge of financial collapse and seeking a lifeline to keep its doors open for more than a thousand low-income tenants.
Skid Row Housing Trust, a pioneer in the decades-old movement to revive aging downtown real estate as homeless housing, has been working with other housing providers to take over its 29 buildings.
Something smells fishy 2 me! SRHT has been expanding their REAL ESTATE portfolio at brisk pace 4 a decade, ppl on their Board R corporate CEO types…— Katherine, Citizen Forester 🌳✍️🌎 (@mean2greenstrz) February 8, 2023
Please LISTEN 2 residents who have been COMPLANING 4 EVA about poor conditions inside. @latimes NEVER ONCE COVERED! @boreskes https://t.co/WvQXjj3gnR
In a series of meetings Tuesday briefing the staff on the organization’s impending changes, interim chief executive Joanne Cordero sought to assure the 165 employees that other philanthropic and housing organizations are stepping in to ensure that their work will continue and that no one will lose their home.
Read the full article here.