THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF LOS ANGELES, CALIFORNIA
CRENSHAW/SLAUSON RECOVERY REDEVELOPMENT PROJECT
PROPOSED FIVE-YEAR IMPLEMENTATION PLAN FY2001 - FY2005 [HEALTH & SAFETY CODE SECTION 33490
Adopted: October 5, 2000]
I. INTRODUCTION AND BACKGROUND
The Crenshaw/Slauson Recovery Redevelopment Project Area is located in the southeast portion of the West Adams, Baldwin Hills-Leimert Park Community Plan area that borders the City of Inglewood to the south and west. It is immediately south of the Amended Crenshaw Redevelopment Project, and extends into the Hyde Park area of the City. The Santa Monica Freeway lies approximately two miles to the north. The Project Area encompasses approximately 262 acres of land.
The Crenshaw/Slauson Recovery Redevelopment Project was adopted on October 10, 1995. Progress began toward accomplishing the goals and objectives of the Redevelopment Project with the active participation of the community through the Community Advisory Committee (CAC) and under the leadership of the Sixth Council District Office.
The Redevelopment Plan sets forth a number of goals and objectives aimed at eliminating blight by encouraging the involvement and participation of residents, business persons, property owners, and community organizations in the redevelopment of the community, preserving and increasing employment, business and investment opportunities, encouraging the development of social services, improving the quality of the environment, and promoting a positive image and safe environment in the Project Area.
The Project Area is within the 6th Council District, and is comprised generally of the predominantly commercial/retail uses abutting Crenshaw Boulevard and ______
Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 1 Slauson and Florence Avenues. It also includes a residential neighborhood that extends west of Crenshaw Boulevard to West Boulevard between Hyde Park Boulevard and Florence Avenue. A railroad right-or-way with adjacent industrial uses cuts diagonally across the residential area from southwest to northeast.
On April 2, 1993, the City Council instructed the Agency to prepare recovery and revitalization strategies for areas affected by the civil unrest that began on April 29, 1992. The Redevelopment Plan was adopted by the Los Angeles City Council on October 10, 1995.
II. SPECIFIC GOALS AND OBJECTIVES OF THE AGENCY FOR THE PROJECT AREA AND HOW THEY WILL HELP TO ELIMINATE BLIGHT IN THE PROJECT AREA
A. Redevelopment Plan Goals
The goals and objectives for the Project Area, as identified by the Agency in consultation with the Community Advisory Committee and Council District 6, are set forth in the Redevelopment Plan as follows:
1. To encourage the involvement and participation of residents, businesspersons, property owners, and community organizations in the redevelopment of the community.
2. To preserve and increase employment, and business and investment opportunities through redevelopment programs and, to the greatest extent feasible, promote these opportunities for minorities and women.
3. To support and encourage the development of social services with special consideration given to participating in projects involving community based organizations that serve the homeless, senior citizens and provide child care services and other social services, such as gang prevention and intervention, counseling and programs for teenagers.
4. To improve the quality of the environment, promote a positive image for the Project Area and provide a safe environment.
5. To promote the development of sound residential neighborhoods through mechanisms such as land use, density and design standards, public improvements, property rehabilitation, sensitive in-fill housing, traffic and circulation programming, development of open spaces and other services necessary to enable residents to live and work in the Project Area. ______
Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 2 6. To recognize, promote and support the retention, restoration and appropriate reuse of existing buildings, groupings of buildings and other physical features especially those having significant historic and/or architectural value and ensure that new development is sensitive to these features through land use and development criteria.
7. To support and encourage a circulation system which will improve the quality of life in the Project Area, including pedestrian, automobile, parking and mass transit systems with an emphasis on service to seniors and the handicapped.
8. To promote and encourage the development of health, education, child and youth care, and senior citizen facilities and programs to enable the development of a community with a variety of lifestyles.
9. To promote the elimination and prevention of the spread of blight and deterioration and the conservation, rehabilitation, renewal and redevelopment of the Project Area to the extent permitted by law and specific in this Plan.
10. To promote the elimination of certain environmental deficiencies, including among others, substandard alleys, and inadequate public and recreational facilities.
11. To promote the removal of impediments to land disposition and development through assembly of land for reasonably sized and shaped parcels served by an improved street system and improved public facilities.
12. To promote the economic well being of the Project Area through the encouragement of the revitalization of viable commercial areas, and the retention and/or relocation of financial institutions, in or into the Project Area.
13. To encourage the development of an industrial environment, which positively relates to adjacent land uses.
14. To encourage the development of safeguards against noise and pollution to enhance the quality of the residential/commercial community.
15. To coordinate the revitalization effort in the Project Area with other public programs of the City of the Los Angeles and the metropolitan area.
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Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 3 16. To encourage the cooperation and participation of residents, property owners, businesspersons, public agencies and community organizations in the revitalization of the area.
17. To promote the provision of well-planned community uses, facilities, pedestrian and vehicular circulation, and adequate parking.
18. To promote the establishment of "opportunity areas" to specifically encourage private investment, consistent with the Plan's objectives in commerce and industry.
19. To encourage a thriving commercial environment which will contribute to neighborhood improvement.
B. How the Goals And Objectives Will Help to Eliminate Blight
Implementation of the Crenshaw/Slauson Recovery Redevelopment Plan goals reflect efforts to alleviate physical and economic blighting conditions in the Project Area by establishing a comprehensive redevelopment strategy as a catalyst for community and economic development. Those efforts include providing for jobs and job training for local residents, attracting and improving commercial and industrial development, revitalization, residential rehabilitation and development, and obtaining business and development financing.
III. SUMMARY OF PAST ACCOMPLISHMENTS
A. Summary of Accomplishments from 1995 to the Present
The Agency has administered several economic development efforts directed to the economic development of the community.
1. Housing
The focus of the Redevelopment Plan is the development and revitalization of commercial and industrial areas. Assistance for new residential development is limited to housing to be provided in mixed-use developments. Other new housing is anticipated within the area, but without Agency financial assistance.
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Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 4 B. Commercial Development/Rehabilitation Program
1. Commercial Façade Improvement Program
A program has been implemented that provides grants to business and property owners to improve building facades and accompanying signage along Crenshaw Boulevard between 52nd Street and 79th Street, along Slauson Avenue between Van Ness Avenue and West Boulevard, and along Florence Avenue between Van Ness Avenue and West Boulevard. A total of $635,000 has been allocated to this program; grants of up to $25,000 will be given to businesses and property owners to improve the physical appearance of their buildings.
2. New Construction Project (Commercial Building)
A new commercial building was constructed at the southeast corner of 52nd Street and Crenshaw Boulevard. The building accommodates a new coin operated laundry. The site was previously occupied by a tire store which was destroyed in the 1992 civil disturbance. This project was privately financed; the Agency was involved in permit review to assure compliance with the redevelopment plan.
At the southeast corner of Crenshaw Boulevard and Florence Avenue, a new commercial building was constructed to accommodate a new coin operated laundry and a Blockbuster Video store. The new building replaces a Union 76 Gas Station, which was demolished. The Agency's only involvement with the project was to review the permits as the project was privately financed.
3. New Construction Project (Office Building)
A new office building was constructed at the southwest corner of 54th Street and Crenshaw Boulevard. J.T. Graves, a veteran Crenshaw-area real estate broker, developed the project. The 26,000 square feet office building houses the State of California Employment Development Department offices that serve the community surrounding Slauson and Crenshaw. The $6 million project was financed by funds from the Los Angeles Local Development Company (LALDC), Section 108 Program and the AFL-CIO Trust Funds. The Agency funded approximately $150,000 toward the public improvements for the project, including new sidewalks, street tree and curbs and gutters.
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Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 5 4. Commercial Rehabilitation Project
The Agency has provided $460,000 in loan/grant funds from the Commercial/Industrial Earthquake Recovery Loan program (CIERLP) for the rehabilitation of an earthquake-damaged retail/office building located at 5440-5444 Crenshaw Boulevard. The development is currently under construction and upon completion of the renovation, the building will contain 10,000 square feet of lease-able space.
A. Social Services
1. Helpers for the Homeless & Hungry (HHH)
In the fall of 1997, the Agency provided a $20,000 social services grant to HHH. That funding has allowed HHH to assist the Agency in addressing one of its most important project goals and objectives, which is to support and encourage the development of social services with special consideration given to participating in projects involving community-based organizations.
HHH is a non-profit organization that has served the Crenshaw/Slauson Area for almost 30 years. HHH provides job training, personal hygiene facilities for bathing, meals, AIDS screening, job opportunities for the homeless and assistance to senior citizens in locating housing. The grant has enabled HHH to expand its level of services. HHH provides a valuable service to the community that fills a gap in the social services needed within the Crenshaw/Slauson Recovery Redevelopment Project Area.
B. Public Improvements
1. Streetscape & Public Improvement Upgrade Program
A program was developed to provide $175,000 funding for the construction of certain public improvement along the major corridors in the Project Area. Specific activities include the construction of a streetscape element and the identification and repair of broken and/or deteriorated curbs, gutters and sidewalks.
IV. SPECIFIC PROJECTS AND EXPENDITURES PROPOSED TO BE MADE DURING THE NEXT FIVE YEARS AND HOW THEY WILL HELP TO ELIMINATE BLIGHT IN THE PROJECT AREA
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A. Renovation and Expansion of Automobile Dealership
1. Projects and Expenditures
The Agency proposes to renovate and expand the automobile dealership located at 52nd Street and Crenshaw Boulevard. This project includes acquisition of the property to modernize and update the sales and service facility. The total projected expenditure for this program is $500,000 during FY2001 – FY 2005.
2. Elimination of Blight
Implementation of this project will help to eliminate blight by providing economic resources.
B. Response to Housing Opportunities
1. Projects and Expenditures
The Agency will provide technical assistance with the development of an affordable housing project. The project would be developed on a parcel of property located on Crenshaw Boulevard between 60th Street and 63rd Street. If the project is developed as presently proposed, it will be developed on a parcel of land that is presently under-utilized. The Agency may also provide assistance to acquire an enhancement parcel adjacent to the project site that would improve the overall proposed project.
2. Elimination of Blight
Implementation of this project will help to eliminate blight by providing needed housing units in the project area.
C. Development of the Southeast Corner of 54th Street and Crenshaw
1. Projects and Expenditures
The Agency proposes to develop the southeast corner of 54th Street and Crenshaw Boulevard. New development will include a combination of commercial/office/retail space. The project may include telecommunication center or SMART Building. Other proposed development of the site could be expansion of the Urban League facility located adjacent to the site. The total projected expenditure for this program is $100,000 during FY2001 – FY 2005.
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2. Elimination of Blight
Implementation of this project will help to eliminate blight by providing economic resources.
D. Façade Improvement Program
1. Projects and Expenditures
The Agency plans to continue the Façade Improvement program by seeking additional funds to continue the program along the remainder of Crenshaw Boulevard and as well as on Slauson Avenue and Florence Avenue. The total projected expenditure for this program is $2,000,000 during FY2001 – FY 2005.
2. Elimination of Blight
Implementation of this project will help to eliminate blight by providing economic resources.
E. Economic Development Project at Crenshaw & 73rd Street
1. Projects and Expenditures
Guidance Community Development Center, Inc. (GCDC) proposes to construct a state-of-the-art highly technical entertainment industry training and designated learning center to include specialized animation, and to create job opportunities within the rapidly growing entertainment industry. The training facility, which will be located at the southwest corner of Crenshaw Boulevard and 73rd Street, will be designated to assist low to moderate-income persons with developing marketable skills and finding permanent employment upon completion of the training program. The facility represents an opportunity to expand local economic development activities in the South-Central communities of Los Angeles, an area of extremely high unemployment. Phase I of the proposed project involves the construction of the 53,000 square-foot facility and related public improvements. The Agency staff is currently assisting GCDC in preparing their application for funding from the federal Economic Development Administration. The total projected expenditure for this program is $100,000 during FY2001 – FY 2005.
2. Elimination of Blight
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Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 8 Implementation of this project will help to eliminate blight by providing economic resources.
F. Commercial Development Project at Crenshaw & Slauson
1. Projects and Expenditures
In response to a request for Statements of Interest (issued in December 1997) to develop the property located on the west side of Crenshaw Boulevard between Slauson Avenue and 57th Street, the Agency received a proposal to develop a 17,000 square-foot free-standing Rite Aid prototype store from Thrifty/Payless/Rite-Aid, Inc. The store was to be completed with a drive-thru pharmacy and was to replace an older obsolete Thrifty’s store in the area. On May 7, 1998, the Agency board approved a 180-day exclusive negotiation agreement with Rite-Aid. The matter was scheduled for City Council action and was approved. Since that time, Thrifty/Payless/Rite-Aid, Inc. has put the project on hold. Staff will work with Thrifty/Payless/Rite-Aid, Inc. to move the project forward. Should they decide not to move forward, staff will seek a new developer for the site. The total projected expenditure for this program is $100,000 during FY2001 – FY 2005.
2. Elimination of Blight
The Agency staff activities outlined above will help to eliminate blight by ensuring that development in the Project area meets the goals and objectives of the Redevelopment Plan and is being carried out in conformance with the Redevelopment Plan.
G. Commercial Transportation Hub and Occupational Training/Education Center
1. Projects and Expenditures
The Health, Education, Real Estate and Development Community Development Corporation (HERD CDC) proposes to develop the project. The project will consist of three components: an occupational training complex, a commercial transportation repair and storage complex, and an early child development and childcare center for area residents and center participants. The HUB will include a transportation business incubator and will consist of: an occupational training/educational center and two adjacent vehicle repair maintenance yards. Staff will provide technical and other
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Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 9 non-financial assistance. The total projected expenditure for this program is $50,000. During FY2001 - FY2005.
2. Elimination of blight
The implementation of this project will help to eliminate blight by providing job training and economic resources.
H. Project Financing
1. Projects and Expenditures
Agency staff administers the Project's financial resources, including financial planning, cash management, debt repayment, and issuance and administration of debt instruments. From the inception to FY99, the Project was partly financed by a loan from Tokai Bank in the amount of $692,793. Bunker Hill Program Income is currently paying the debt service on the Loan. The Project will pay back Bunker Hill Program Income from future available resources, including tax increment revenues.
As of June 30, 1999, the Project has not issued any bonded debt. The total project financing expenditures for the next five years are projected to be $894,500. This includes: $280,000 for debt service for the proposed Tax Allocation Bonds, Series A; $478,713 to repay Bunker Hill Program Income for the Tokai Bank Loan; and $135,787 for administrative costs.
2. Elimination of blight
Administering a Redevelopment Project necessarily entails the Agency staff activities enumerated above. Administration of the Project's financial resources ensures that such resources are used in compliance with the Community Redevelopment Law and in furtherance of the physical and economic revitalization of the Project Area.
I. CAC/Citizen Participation
1. Projects and Expenditures
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This activity will provide the resources and staffing necessary for the functioning of the Crenshaw/Slauson Community Development Advisory Committee (CDAC). Agency support to the CDAC includes providing secretarial support, mass mailing and/or publication of public notices, production of informational materials, providing meeting facilities, facilitation of community-wide meetings, and staff support for the meetings of the CDAC and its sub- committees, and conducting annual CDAC elections for vacant positions.
The total projected expenditure for this program is $100,000 over the next five years.
2. Elimination of blight
Providing for public participation through the CDAC ensures that redevelopment of the Project Area is carried out in consultation with the community. Redevelopment activities undertaken to eliminate blighting conditions will more likely endure over the long term if the community is involved.
J. Project General
1. Projects and Expenditures
Administering a Redevelopment Project necessarily entails costs that are not directly related to a specific Crenshaw/Slauson objective but rather are related to the administration of the project, including technical, legal, administrative services and other community related services. Agency staff will administer the Project's ongoing activities, including maintaining a site office, complying with public notification requirements, providing public information, and responding to inquiries from developers, property owners and others.
The total projected expenditure for this program is $1,000,000 over the next five years.
2. Elimination of blight
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Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 11 Administering a Redevelopment Project necessarily entails the Agency staff activities and other administrative costs enumerated above. Administration of the Project ensures that redevelopment activities are carried out in compliance with the Community Redevelopment Law and in furtherance of the physical and economic revitalization of the Project Area.
V. HOW GOALS, OBJECTIVES, PROJECTS AND EXPENDITURES WILL IMPLEMENT THE REQUIREMENTS OF HEALTH & SAFETY CODE SECTIONS 33334.2, 33334.4, 33334.6 AND 33413 [Section 33490 (a)(1)]
A. Among the Goals and objectives of the Agency, the following will implement the affordable housing requirements:
§ Provision of a substantial number of housing units of low or moderate cost on land to be disposed of for residential purposes.
§ Retention of the community's limited residential character through preservation of existing structures and production of affordable new multi-family sale and rental housing units.
B. The following are projects and expenditures planned by the Agency for the Crenshaw/Slauson Recovery Redevelopment Project Area over the five- year period covered by this plan that will implement the affordable housing requirements:
§ Provide loans for the rehabilitation of existing deteriorating affordable housing units. It is anticipated that this program will encourage residential property owners to repair and/or replace worn and deteriorated building components and to upgrade their properties in terms of building code conformance as well as amenities and aesthetics.
§ Provide technical assistance for a number of proposed multi-family housing projects at various locations throughout the project area.
C. The goals, objectives, projects and expenditures will implement the affordable housing requirements of Sections 3334.2, 33334.4, 33334.6 and 33413 as follows:
§ Proportion of Very Low, Low and Moderate Income Housing [Section 33334.4].
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The Agency plans to rehabilitate housing units that will be affordable to very low, low or moderate income households in the following proportions: not less than 30 percent very low income; no more than 30 percent moderate income; and the remainder very low and low income. The proportion of very low and low-income units exceeds the respective unmet need for affordable housing for these groups in the City of Los Angeles. Therefore, expenditures of moneys in the Crenshaw/Slauson Redevelopment Project Low and Moderate Income Housing Fund to assist housing for persons of low and very low income will be in at least the same proportion as the total number of housing units needed for those income groups (which are not being provided by other governmental programs) bears to the total number of units needed for persons of moderate, low and very low income within the community.
§ Estimate of Housing Production Figures and Use of Low and Moderate Income Housing Fund [Section 33490(a)(2)].
The current estimated housing production figures and proposed uses of the Crenshaw/Slauson Redevelopment Project Low and Moderate Income Housing Fund are attached as Tables I and II. Additionally, Table III attached provides the projected overall housing program of the Agency from all funding sources including Housing Trust Fund and Non-Housing Trust Fund resources.
§ Replacement Housing [Section 33413(a)]
The Agency does not anticipate that any low or moderate income dwelling units in the Project area will be destroyed or removed from the low and moderated income housing market during the period of this plan.
§ Inclusionary Housing [Section 33413(b)(4)].
Section 33413(b)(4) requires the Agency to adopt a plan to comply with the Inclusionary housing requirements of Section 33413(b)(1) and (2). Since adoption of the Redevelopment Plan, staff estimates that approximately 0 new housing units have been constructed. This estimate is based on staff's research into the building permit applications reviewed by the Agency for the Crenshaw/Slauson Recovery Redevelopment Project. The Inclusionary Housing Plan Follows:
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Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 13 CRENSHAW/SLAUSON REDEVELOPMENT PROJECT
INCLUSIONARY HOUSING PLAN California Health and Safety Code Section 33413(b)(4)
1. HOUSING PRODUCTION SINCE ADOPTION OF REDEVELOPMENT PLAN
A. Number of new or substantially rehabilitated residential units developed in the Project Area by public or private entities or persons other than the Agency since adoption of the Redevelopment Plan (At least 15% of total shall be available at affordable housing cost to persons and families of low-or moderate-income, of which not less than 40% shall be available to very low-income households):
Units Percentage Market Rate 0 0 Moderate-Income 0 0 Low-Income 0 0 Very Low-Income 0 0 TOTAL 0 0
B. Number of new or substantially rehabilitated residential units developed by the Agency (inside or outside the Project Area) since the adoption of the Redevelopment Plan (At least 30% of total shall be available at affordable housing cost to persons and families of low-or moderate-income, of which not less than 50% shall be available to very low-income households):
There have been no housing units developed by the Agency.
2. ESTIMATES OF HOUSING PRODUCTION DURING THE NEXT 10 YEARS
A. Estimate of the number of new or substantially rehabilitated residential units to be developed in the Project Area by public or private entities or persons other than the Agency during the next 10-year period. (At least 15% of total shall be available at affordable housing cost to persons and families of low- or moderate-income, of which not less than 40% shall be available to very low-income households):
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Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 14 FY2001 - FY2005 FY2006 - FY2010
Units Percentage Units Percentage Market Rate 0 0 0 0 Moderate- 0 0 0 0 Income Low-Income 20 57 30 60 Very Low- 15 43 20 40 Income TOTAL 35 100 50 100
B. Estimate of the number of new or substantially rehabilitated residential units to be developed by the Agency (inside or outside the Project Area) during the next 10-year period. (At least 30% of total shall be available at affordable housing cost to persons and families of low- or moderate- income, of which not less than 50% shall be available to very low-income households):
The Agency does not anticipate developing any units of housing itself.
C. Estimate of the number of long-term affordability covenants on existing multifamily units, restricting the cost of renting or purchasing those units, that the Agency plans to purchase or otherwise acquire or cause by regulation or agreement during the next 10-year period.
Units Units Moderate-Income 0 0 Low-Income 0 0 Very Low-Income 0 0 TOTAL 0 0
3. ESTIMATES OF HOUSING PRODUCTION DURING THE REMAINING PERIOD OF THIS PLAN
A. Estimate of the number of new or substantially rehabilitated residential units to be developed in the Project Area by public or private entities or persons other than the Agency during the remaining period of the Redevelopment Plan. (At least 15% of total shall be available at affordable housing cost to persons and families of low- or moderate- income, of which not less than 40% shall be available to very low-income households):
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Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 15 TABLE I ANNUAL HOUSING TRUST FUND PROGRAM Section 33490 (a)(2)
HOUSING PRODUCTION 2001 2002 2003 2004 2005
Housing Units to be 0 20 0 10 5 developed
Housing Units to be 0 0 0 0 0 substantially rehabilitated
Housing Units to be price 0 0 0 0 0 restricted thru acquisition of covenants (existing housing)
Housing Units to be 0 0 0 0 0 otherwise assisted by the CRA e.g., Rent Subsidies
Housing Units to be 0 0 0 0 0 destroyed as a result of redevelopment
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Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 16 TABLE II ANNUAL HOUSING TRUST FUND PROGRAM SECTION 33490 (a) (2)
LOW- AND MODERATE- INCOME HOUSING FUND 2001 2002 2003 2004 2005
STARTING BALANCE 53,400 0 115,500 0 51,000
40,900 260,900 58,000 165,000 76,100 Annual Deposits – Total
(A) 20% Tax Increment 38,400 259,600 57,200 164,000 75,200 Deposits
(B) Interest/Other Income 2,500 1,300 800 1,000 900
Total Available 94,300 260,900 173,500 165,000 127,100
Funds to be spent or 2001 2002 2003 2004 2005 committed annually (A or B)
(A) To pay Debt Service on 0 0 28,000 28,000 41,000 Bonds Used for Affordable Housing*
(B) For Affordable Housing 94,300 145,400 145,500 86,000 86,100
Funds to be transferred to 0 0 0 0 0 Housing Authority or Another Public Entity
Funds to be accrued for 0 115,500 0 51,000 0 specific projects**
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Crenshaw/Slauson Recovery Redevelopment Project 10/05/00 Proposed Five-Year Implementation Plan (FY2001 - FY2005) Page 17 TABLE III OVERALL HOUSING PROGRAM COMBINED HOUSING TRUST FUND AND NON-HOUSING TRUST FUND RESOURCES
RESOURCES 2001 2002 2003 2004 2005
Total Resources Available 94,300 260,900 30,000 137,000 86,100 Housing from All Sources
HOUSING PRODUCTION 2001 2002 2003 2004 2005
Housing Units to be 0 20 0 10 5 developed
Housing Units to be 0 0 0 0 0 substantially rehabilitated
Housing Units to be price 0 0 0 0 0 restricted thru acquisition of covenants (existing housing)
Housing Units to be 0 0 0 0 0 otherwise assisted by the CRA e.g., Rent Subsidies
Housing Units to be 0 0 0 0 0 destroyed as a result of redevelopment
* Projected number of housing units over the next five years, assuming expected funding is available.
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Crenshaw/Slauson
Five-Year Implementation Plan Map
(To Follow)
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