VAN NUYS : Committee Backs Loan for Housing
A Los Angeles City Council panel Monday recommended approval of a low-interest, $1.03-million loan to help finance a new 50-unit housing project on a troubled block of Blythe Street in Van Nuys.
The council’s Community Redevelopment and Housing Committee endorsed the loan to the Nelson Network Inc., a for-profit company, in an effort by the city government to rehabilitate the neighborhood.
The Nelson project at 14600 Blythe St. will replace 15 existing units where about 50 people now live.
City housing officials said the new project will provide two- and three-bedroom units and thus help alleviate widespread crowding in the area’s apartments.
On a motion by Councilman Ernani Bernardi, the council last week agreed to remove traffic barriers at the end of the section of Blythe Street that were erected more than a year ago to curb prostitution and drive-by drug sales in the area.
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