A $1.2 billion program intended to quickly build housing for Los Angeles' sprawling homeless population is moving too slowly while costs are spiking, according to a city audit.
Owner Izek Shomof says he will turn the historic Sears building in Boyle Heights to a 'life rebuilding center' for the homeless.
The audit arrives at a time when homelessness is a dominant issue in the city's mayoral election, with a large field of candidates promising to do more on an issue that has placed Los Angeles in an unwelcome national spotlight. Sagging tents, rusting RVs and makeshift structures used by homeless people have become familiar sights from Hollywood to Venice Beach and even in the shadow of City Hall.
The scope of the expanding problem can be seen in the city budget: When Garcetti took office in 2013, the city was spending about $10 million treating homelessness. The budget he signed last year included about $1 billion.
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