LA Developer Donates 1.5 Million for Indigent Development
A top Los Angeles developer is seeing slowing times, but instead of buckling under and locking the doors, he is using his assets to help others. While I am not a fan of the governmental monopoly over housing the indigent, I am a big fan of private – public efforts to help the less fortunate. And that is what Sonny Astani is doing in the skidrow district of downtown Los Angeles. He is donating 1.5 million that will finish off development of 115 apartments of the indigent.
Los Angeles’ largest downtown residential developer Monday donated $1.5 million that will allow the Skid Row Housing Trust to complete 115 efficiency apartments for the homeless mentally ill.
The donation by Sonny Astani will enable the completion of the Abbey Apartments on San Pedro Street.
“Sonny’s gift means we will be able to finish a critical project that provides the opportunity for 115 extremely vulnerable people who have been living on the street to move into well constructed efficiency apartments,” said Mike Alvidrez, executive director of the Skid Row Housing Trust, created in 1989 by a group of community leaders and activists concerned about the disappearance of single-room-occupancy hotels.
The trust has developed and restored 19 hotel properties, which include almost 1,200 units of affordable housing. The latest apartments will have on-site access to social, medical and mental health services.
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