The foreclosure crisis coupled with an economic meltdown has put more strain on a neighborhood still struggling to reinvent itself. The US Department of Housing and Urban Development gave the greater Los Angeles area $73 million in grants, but it won't be enough to solve the crisis. Homeless service organizations are reporting an increase in homeless families, and are struggling to make do with limited resources.
The last homeless census was done in 2007, and found that on any given night 73,000 people were homeless. That was the year the foreclosure crisis started to affect South L.A. Low rent apartment buildings bought by speculators with bad loans began going into foreclosure, affecting dozens of families. Without enough permanent, low-income housing available, more and more families and individuals are being pushed into homelessness. Even families that were homeless, but found housing, are now back on the streets.
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