City Agency to Buy Land for Affordable Housing
- Share via
From Times Staff Reports — The city’s Community Redevelopment Agency board has agreed to buy a Winnetka property from a partnership that includes a nonprofit corporation whose president is Harbor Commissioner James Acevedo.
The panel voted Thursday to purchase nearly 1 acre for up to $1.9 million to build affordable housing. The partnership shelved a similar development for the site.
Acevedo’s corporation, Neighborhood Empowerment and Economic Development Inc., also is involved with another property that is being sold to remedy a default on a city loan.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
