00:00Today we are filling the gap when Social Security no longer covers the cost of a mortgage or rent.
00:07Today we are bringing help for caretakers with disabilities who struggle to make ends meet.
00:13And today we are investing in housing as part of our work to lower the cost of housing for everyone.
00:21Today we are preventing homelessness and increasing housing affordability
00:27with the release of $14 million in housing assistance and $300 million for housing.
00:37This investment of $360 million is to build, preserve, and enhance affordable housing across Los Angeles.
00:45And I'm proud to share that 25 of those 80 projects are right here in CD14
00:50representing more than 1,700 units of affordable housing.
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