In California, Deputy Secretary of the Treasury Wally Adeyemo Highlighted Efforts to Expand Affordable Housing Supply and Support Minority Entrepreneurs through American Rescue Plan Programs

04 May In California, Deputy Secretary of the Treasury Wally Adeyemo Highlighted Efforts to Expand Affordable Housing Supply and Support Minority Entrepreneurs through American Rescue Plan Programs

FOR IMMEDIATE RELEASE  

May 4, 2022 

Contact: Lori Gay l (213) 760-0462 l [email protected]

Compton – On Monday, May 2, Deputy Secretary of the Treasury Wally Adeyemo and California Secretary of Business, Consumer Services and Housing Agency (BCSH), Lourdes M. Castro Ramírez traveled to Compton, California to highlight efforts to increase housing affordability and stability and to support underserved small businesses and minority entrepreneurs through programs funded by the American Rescue Plan Act of 2021 (ARP)—including the State and Local Fiscal Recovery Funds (SLFRF), Emergency Rental Assistance (ERA) programs, and State Small Business Credit Initiative (SSBCI).

Deputy Secretary Adeyemo visited Neighborhood Housing Services of Los Angeles County’s (NHS) Center for Sustainable Communities (CSC) in Compton to participate in a roundtable discussion with Lori Gay, CEO of NHS, California Secretary of Business, Consumer Services and Housing Agency (BCSH), Lourdes M. Castro Ramírez, Rebuilding Together City of Angels, Strategic Actions for a Just Economy (SAJE), New Economics for Women (NEW), Metro CDC, Department of Homelessness, County of Los Angeles, local officials and clients about the implementation and impact of the ARP on efforts to expand the supply of affordable housing.

Deputy Secretary Adeyemo, NHS President & CEO Lori Gay, Compton Mayor Emma Sharif, Secretary Castro Ramirez, CA Business, Consumer Services and Housing Agency, LA Chief Housing Officer Claudia Monterrosa, Zeeda Daniele, Rebuilding Together, Leticia Andueza, New Economics for Women, Bob Combs, Metro CDC, Sasha Kergan, BCSH, Victor Ibarra, Office of Assemblymember Mike Gipson, Nital Patel, Office of Senator Bradford, and Rozeller Marshall, NHS client and Marchel Falls, NHS client.

(L to R:) Deputy U.S. Treasury Secretary Wally Adeyemo; Lori Gay, CEO, Neighborhood Housing Services of Los Angeles County; Compton Mayor Emma Sharif; BCSH Secretary Lourdes Castro Ramírez; BCSH Deputy Secretary for Housing Sasha Kergan; Claudia Monterrosa, Chief Housing Officer, City Homelessness Initiatives, Office of Los Angeles Mayor Eric Garcetti)