Cheap houses in Los Angeles
1 October 2008Los Angeles Mayor Antonio Villaraigosa has declared about intention to construct20 thousand accessible houses within the nearest five years. For these purposes it is planned to spend $5 billion.
Authorities of city and the country will allocate $1 billion. Noncommercial organization Enterprise Community Partners has informed on readiness to give $700 million. Remained money will be received from philanthropists, private borrowers and the governmental grants.
Mayor of city has declared, that he will make all necessary for realization of the plan.
Within the limits of the given plan construction of 20 housing projects, which will be settled down near to transport highways and outcomes of city, is supposed; 2,2 thousand houses for homelesses and 14 thousand objects for tenancy within the limits of the federal program on subsidizing habitation for needy will be built.
