{"id":52730,"date":"2023-01-10T01:02:16","date_gmt":"2023-01-10T00:02:16","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/ahf-welcomes-l-a-s-leland-hotel-to-roster-of-affordable-housing\/"},"modified":"2023-01-10T01:02:16","modified_gmt":"2023-01-10T00:02:16","slug":"ahf-welcomes-l-a-s-leland-hotel-to-roster-of-affordable-housing","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/ahf-welcomes-l-a-s-leland-hotel-to-roster-of-affordable-housing\/","title":{"rendered":"AHF Welcomes L.A.\u2019s Leland Hotel to Roster of Affordable Housing"},"content":{"rendered":"
\n

\nAHF\u2019s Healthy Housing Foundation purchases a 1904 building on 5th<\/sup> Street in DTLA, bringing 62 more rooms online utilizing the adaptive reuse of older buildings<\/i>\n<\/p>\n

\nThe Leland Hotel was completely uninhabitable prior to AHF\u2019s purchase<\/i>\n<\/p>\n

LOS ANGELES–(BUSINESS WIRE)–AHF<\/a>, the largest global AIDS organization, under its Healthy Housing Foundation<\/a> banner, is pleased to announce the purchase of the 62-room Leland Hotel<\/b> in Downtown Los Angeles on the edge of skid row (116 E 5th<\/sup> St, Los Angeles, CA 90013) to add much-needed housing to AHF\u2019s own roster of affordable housing for the homeless and extremely low income individuals. The sale, which closed Friday (1\/6\/23), brings the number of affordable rental housing units owned and operated by Healthy Housing Foundation<\/a> across greater Los Angeles to 1,425 units in 13 properties.\n<\/p>\n

<\/a><\/p>\n

\nSince 2017, when AHF first kicked off its housing program to address L.A.\u2019s homeless and affordable housing crises, the Healthy Housing Foundation has spent over $183 million purchasing a variety of existing older residential properties throughout Greater Los Angeles\u2014old single-room-occupancy (SRO) hotels, former roadside or chain motels, older apartment buildings\u2014and refurbished and repurposed them as affordable housing and extremely-low-income housing.\n<\/p>\n

\nThe Leland is adjacent to, and across the street from two of AHF\u2019s other key residential hotels: it\u2019s directly across from the 150-room King Edward Hotel (125 E. 5th<\/sup> St., Los Angeles CA 90013) and next to the 204-room Baltimore Hotel (501 S. Los Angeles St., Los Angeles, CA 90013). The purchase price for the Leland was $6,750,000\u2014or approximately $108,870 per room or housing unit\u2014a fraction of the half-million-dollar and up per housing unit the City of Los Angeles routinely spends on newly constructed affordable housing.\n<\/p>\n

\nAHF and Healthy Housing Foundation are also well underway with plans and permitting to build a new, 216 unit affordable\/homeless housing development on L.A.\u2019s Skid Row using pre-fab elements that will be built on two development lots next to HHF\u2019s Madison Hotel, the first hotel property in Healthy Housing Foundation\u2019s portfolio.\n<\/p>\n

\nAHF\u2019s Healthy Housing Foundation was created to help address the rampant affordable housing crisis sweeping the nation. The group focuses on quicker, much less expensive models of adaptive reuse of existing buildings as it repurposes them as housing for those previously unsheltered, homeless and\/or for extremely-low-income individuals with a particular focus on addressing the needs of low-income individuals, struggling families, youth, and those living with chronic illness or homelessness.\n<\/p>\n

\n\u201cThe fight for affordable housing really is fought one door at a time. We are delighted to add the 62-rooms of the Leland Hotel\u2014which was completely uninhabitable prior to AHF\u2019s purchase\u2014to our roster of affordable housing here in Los Angeles,\u201d said Michael Weinstein<\/b>, president of AHF.\n<\/p>\n

Contacts<\/b> <\/p>\n

\nGed Kenslea, <\/b>Senior Director, Communications, AHF +1.323.791.5526 cell gedk@aidshealth.org<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

AHF\u2019s Healthy Housing Foundation purchases a 1904 building on 5th Street in DTLA, bringing 62 more rooms online utilizing the adaptive reuse of older buildings The Leland Hotel was completely uninhabitable prior to AHF\u2019s purchase LOS ANGELES–(BUSINESS WIRE)–AHF, the largest global AIDS organization, under its Healthy Housing Foundation banner, is pleased to announce the purchase … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-52730","6":"format-standard","7":"category-industry"},"yoast_head":"\nAHF Welcomes L.A.\u2019s Leland Hotel to Roster of Affordable Housing - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/ahf-welcomes-l-a-s-leland-hotel-to-roster-of-affordable-housing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AHF Welcomes L.A.\u2019s Leland Hotel to Roster of Affordable Housing - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"AHF\u2019s Healthy Housing Foundation purchases a 1904 building on 5th Street in DTLA, bringing 62 more rooms online utilizing the adaptive reuse of older buildings The Leland Hotel was completely uninhabitable prior to AHF\u2019s purchase LOS ANGELES–(BUSINESS WIRE)–AHF, the largest global AIDS organization, under its Healthy Housing Foundation banner, is pleased to announce the purchase ... 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