In 2016, Enterprise launched the Los Angeles Permanent Supportive Housing (PSH) Preservation Initiative to provide leadership and mobilize the PSH development community around the consensus on capacity building and public policy solutions. This report documents what was learned from this effort. It illuminates the importance of PSH preservation as a critical step in the region's multilayered homelessness response, the uniqueness of the aging Los Angeles PSH portfolio and what is at stake if we do not respond in a more strategic way.
The document concludes with specific public policy recommendations, framed around six primary objectives:
- Set specific targets and priorities for preservation efforts.
- Protect expiring affordability covenants.
- Mitigate operating cost escalations.
- Establish dedicated or prioritized capital resources.
- Ensure rent subsidies are flexible, sustainable and attached to all unsubsidized units.
- Align funder policies.
The Learning Center’s resources and all data and information provided therein (collectively, “Content”) are for general informational purposes only. All Content is provided “as is” and may no longer be current or up to date. Enterprise Community Partners, Inc., its subsidiaries and affiliated entities (collectively referred to as “Enterprise”) as well as any co-authors of any Content disclaim all liability for any errors or omissions and make no warranties or representations of any kind, either express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any Content presented. All Content should be independently verified by you before relying on it. The Content does not constitute professional advice or services (including but not limited to legal, financial, tax, or investment advice).
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