Based on our new research, Policy Brief: Preserving Permanent Supportive Housing in Los Angeles, the region continues to experience an upward trend in the amount of project-based supportive housing (PSH) that is aging and at risk physically and financially. This biennial snapshot, released in September 2022, provides an overview of the PSH risk profile across Los Angeles County – important for policymakers and housing and homelessness officials as they develop and deploy policy and financial tools to extend affordability protections and prevent displacement and inflows into homelessness.
This report details the characteristics of more than 2,600 at-risk units across 57 PSH developments, a 15% increase from the previous assessment in 2019. The findings reveal an aging PSH portfolio that is lacking reinvestment while facing worsening financial health due to the challenges associated with serving high-acuity households, rising operating expenses and insufficient rental income and subsidies. This report also draws upon other factors such as location, property age, subsidy type and rehabilitation need and costs, and notably, upcoming affordability expirations. Over one-third of all at-risk units – about 900 units – have affordability restrictions that have expired or are set to expire within the next five years.
Enterprise remains committed to partnering with public and nonprofit partners to modernize this housing stock and improve the quality of life for vulnerable households.
The analysis was generously supported by The Conrad N. Hilton Foundation.
- Brief