LA County’s Affordable Housing Trust dishes out for developers

Los Angeles County is investing more money in affordable housing projects.  The Los Angeles County Board of Supervisors approved more than $23 million in loans for two affordable housing developments in Bellflower and unincorporated Arcadia, Urbanize Los Angeles reported. When complete, the two developments would create 146 new homes at a cost of $91.3 million.  Wakeland Housing and Development Corporation is moving forward with The Willows project at 15805 Lakewood Boulevard in Bellflower. The County will provide the developer with more than $6.6 million from its Affordable Housing Trust Fund. The money will go toward construction of the $37.6 million […]This article originally appeared on The Real Deal. Click here to read the full story.