LA-Funded Homeless Housing Is Still Slow and Expensive
Commentary
Between Gov. Gavin Newsom’s recent pre-budget media blitz, President Joe Biden’s “infrastructure plan,” and Los Angeles Mayor Eric Garcetti’s recent State of the City speech, politicians have been making a lot of big claims recently.
In an original economic analysis conducted for The Epoch Times, I analyzed Garcetti’s claims that housing funded by the city’s 2016 HHH bond measure had “turned the corner and beat the hype.” He also claimed during the same April 19 speech that HHH-funded housing is “set to come in at an average of $15,000 cheaper for one thousand units more than originally promised two years ahead of schedule.”
Arson suspect arrested as crews continue to battle Pacific Palisades wildfire
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Arson suspect arrested in uncontrolled fire burning near Los Angeles
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SACRAMENTO Fueled in part by an ambitious program in Stockton, Gov. Gavin Newsom wants to use a sliver of the state s massive budget surplus to give poor people money each month with no rules on how they spend it.
Newsom s budget proposal, announced Friday, includes $35 million over five years to pay for universal basic income pilot programs. The idea is to give poor people money each month to help ease the stresses of poverty that can make it harder to find full-time jobs and stay healthy.
It s believed to be the first statewide funding for such programs, which are gaining traction in cities.