SHERMAN OAKS : New Program Aims to Ease Rebuilding
A program to help property owners obtain funds to repair their earthquake-damaged apartment buildings has been initiated by Los Angeles City Councilman Zev Yaroslavsky. It will be an expansion of the city Housing Department’s project to help property owners in the 13 hardest-hit census tracts obtain reconstruction loans.
Although three of the 13 tracts are in Sherman Oaks, the department has resources to give significant help to only one tract--which includes Willis and Natick avenues between the Ventura Freeway and Ventura Boulevard, according to Alisa Katz, Yaroslavsky’s chief deputy.
Yaroslavsky’s office will present details about the program, as well as a proposal to declare Sherman Oaks a redevelopment area, to community leaders at a meeting Tuesday.
The councilman plans to hire a consultant to help owners of apartment buildings in a larger, as-yet-undetermined area of the town.
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