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Three Residential Hotels Get Rehabilitation Funds

April 27, 1986

Three Southland hotels were among seven for which rehabilitation funds have been awarded under the state special user housing rehabilitation program. The total amount awarded was $3,924,000, supplemented in one case by $161,000 from the California Housing Finance Agency.

Included were $149,000 and the CHFA sum for a total of $310,000 to SRO Housing Corp. for the Golden West Hotel, 417 East 5th St., Los Angeles; $315,000 to the Community Corp. of Santa Monica for the Shore Hotel, 127 Broadway, Santa Monica, and $1 million to the Feedback Foundation for the Santa Ana Hotel, 604 Main St., Santa Ana.

The program gives loans to nonprofit, for-profit or local government sponsors for the renovation of residential hotels, considered the most affordable source of housing for low- and very-low-income households.

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