Brief

Councilmember Kevin de León moved on June 21, 2024, to address a funding shortfall related to insurance costs at the Weingart Tower 1A affordable housing development (555-561 South Crocker Street). The motion was referred to the Housing and Homelessness Committee but did not advance before the file expired in July 2026 per standard Council policy.

Full summary

Weingart Tower 1A, unveiled on June 19, 2024, is the City of Los Angeles's largest housing project built to serve people experiencing homelessness. The 19-story permanent supportive housing building in Skid Row contains 278 furnished units and offers on-site caseworkers, mental health and medical services, employment and education support, reentry programs, a gym, an art and music room, and a cafe. The project was financed through a combination of public and private sources, including the California Department of Housing and Community Development, the No Place Like Home Program, Proposition HHH, low-income housing tax credit equity from the Richman Group, a Federal Home Loan Bank Affordable Housing Program loan, and a permanent loan from the Banc of California. As the building was being leased up, the Weingart Center found itself facing a significant unanticipated cost: permanent insurance premiums had surged 300 percent in the wake of recent natural disasters, compounded by broader inflationary pressures. The organization said these factors were beyond its control and had strained its budget to the point of threatening the project's completion. To cover the gap, Weingart sought $500,000 from the City. In response, Councilmember Kevin de León, seconded by Marqueece Harris-Dawson, introduced a motion on June 21, 2024, directing the Los Angeles Housing Department to identify $500,000 to cover the insurance-related funding shortfall. The motion specified potential funding sources including Proposition HHH, United to House LA, and the Affordable Housing Managed Pipeline, and required the department to report back to Council within 30 days. The file was referred to the Housing and Homelessness Committee the same day it was introduced. No further committee or Council action was recorded. The file expired on July 16, 2026, under Council policy governing inactive files. The matter cannot advance unless formally reintroduced.

Activity (2)

• 2026-07-16 File expired per Council policy, Council file No. 05-0553.
• 2024-06-21 Motion referred to Housing and Homelessness Committee.

Documents (1)

• 2024-06-21 Motion · motion