The City of Los Angeles will be paying out hundreds of millions of dollars over an unknown period of time, to fulfill its obligation to provide accessible housing for the disabled, as part of a settlement with the Department of Housing and Urban Development.
"The exact sum will depend on how long it takes the city to complete the requirements spelled out in the agreement, which states that the value will average a minimum of $20 million per year," according to HousingWire.
"The work includes the development of 10,000 units of new affordable housing over the next 10 years, including 1,500 accessible units for the disabilities – a number that exceeds current state and federal requirements."
The report also states that the city will be adding another 3,100 housing units for individuals with disabilities by retrofitting existing housing developments to meet standards.
"As a result of this settlement, thousands of individuals with disabilities, including those experiencing homelessness in the City of Los Angeles, will have equal access to affordable housing and access to cutting-edge features that will enable them to live independently," said HUD Secretary Ben Carson, according to HW.
To learn more about the settlement between the HUD and City of Los Angeles, click on the image above.