Project Homekey, dating to the coronavirus pandemic, has been an effort to move homeless people off the street by paying for hotel and motel rooms for them — and sometimes by buying properties outright.
It has met with mixed success, reducing homelessness in some areas but hardly making a dent in the problem overall, as it fails to deal with the underlying causes of homelessness, including mental illness and drugs.
Acting U.S. Attorney for the Central District of California Bill Essayli announced Thursday that the federal government had made two arrests — both in cases where fraud was uncovered by the local Westside Current:
Federal agents arrested Cody Holmes, 31, of Beverly Hills, early Thursday morning. Holmes, the former chief financial officer of Shangri-La Industries, a downtown Los Angeles affordable-housing developer, is accused of defrauding the state’s Project Homekey program — a multibillion-dollar initiative that converts motels into homeless housing.
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Breitbart News
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