The Los Angeles City Council approved the issuance of $15 million in tax-exempt multifamily revenue bonds for Solaris, a supportive housing development at 1141-1145 Crenshaw Boulevard. This project will include 43 residential units, targeting individuals experiencing homelessness. It features a five-story building with supportive services provided on-site.
This approval addresses the urgent housing needs in Los Angeles by supporting the development of supportive housing for vulnerable populations.