Monterey Hills : Bond Sale to Fund Repair of Sinking Homes
The Los Angeles City Council voted last week to sell $10 million in bonds to finance repairs to two sections of the sinking Monterey Hills Housing Project.
Soil stabilization will begin next month at 320 townhouses and condominiums in Temple Terrace and Eaton Crest, subdivisions of the 1,600-unit development, and repairs will be made.
The two sections, which rest on 110 feet of improperly compacted landfill, have been heavily damaged by settling.
The Community Redevelopment Agency, which coordinated the Monterey Hills project, plans to inject a concrete-type mixture into the ground to stabilize the soil.
Since October, the City Council has twice rejected CRA’s request because of the untested nature of the procedure in the Los Angeles area, redevelopment agency spokesman Robert Alaniz said.
The redevelopment agency will also use the bond money to repair the buildings themselves, Alaniz said.
Many of the buildings have cracked foundations, walls and ceilings.
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