"All HHH projects leverage the city money with other sources of local, state and federal funds in complex packages that stretch out the development time. Most of the innovation proposals had simpler financing plans, some of which target non-public sources...
"Daylight Community Development, meanwhile, said it would replace part of the HHH money it would receive with a bank loan after three years based on a commitment for rental subsidies from the Los Angeles County Department of Health Services...
"Daylight Community Development would receive $23.8 million to build 132 supportive units in shipping containers. A portion of the HHH funds would be repaid after three years with private financing."
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