An undisclosed grant from Tunnel to Towers will fill a multimillion-dollar gap in the financing for construction expected to continue over the next decade to build at least 1,700 units of housing for homeless veterans.
The Veterans Affairs campus in West Los Angeles announced plans to house over 500 homeless veterans by year’s end.
Along with U.S. VETS, the collective is made up of Century Housing, a nonprofit that builds and finances affordable housing, and Thomas Saffran and Associates, a Brentwood-based for-profit affordable housing developer. Veterans David Bunche, left, Joey Meece and Jeremy Spear spend time at the historic Trolley House that will remain as part of the new Town Center on the Veteran Affairs West L.A. campus.
Formed by his older brother in 2001, the nonprofit grew moderately, reporting just over $7 million in donations on its 2015 tax return. In 2019, donations doubled to nearly $40 million and have more than doubled in each of the succeeding two years, reaching $258 million last year.
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