Los Angeles Mayor Karen Bass' strategy to employ wealthy residents to help fund housing for the homeless is garnering support from local business leaders who say it might be the only solution to effectively tackle the growing crisis. During her State of the City address on Monday, the Democratic mayor highlighted the city's struggle to house over 40,000 homeless people, declaring that 'the crisis on our streets is nothing less than a disaster.
'She has shown that things can be done,' Bojarsky, said of Bass. So far, LA4LA has reportedly raised more than $10 million, with former Disney CEO Jeffrey Katzenberg, one of LA4LA’s business leaders, donating $300,000, the Times reported. He told the outlet that the initiative relies on 'the flexibility of philanthropy to activate housing units fast, for those who need it now.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: latimes - 🏆 11. / 82 Read more »