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CurbedWire: Scavenger Hunt at Getty, Angelus Plaza Funding

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[Via KaeFrames]
LOS ANGELES: Head to the Getty tomorrow for one of those kooky urban scavenger hunts. Via The Rundown: "Unlike the “go-fetch” footrace philosophy of typical scavenger hunts, Saturday's event challenges participants — in teams of two to six people — to answer obscure and titillating riddles based on the Getty's collection of nudes." Afterward, you can sit and watch the sunset and flirt with the other hunters. Official web site is here. [Curbed InBox]

DOWNTOWN: Huge amount of money for Angelus Plaza came through yesterday: "A plan to refinance the 27-year-old, senior affordable Angelus Plaza owned by affiliates of Retirement Housing Foundation (RHF) in Downtown Los Angeles by issuing $96-million in tax-exempt, multi-family senior housing bonds was approved today by the Community Redevelopment Agency of the City of Los Angeles (CRA/LA)." Bunker Hill's Angelus Plaza is the largest affordable housing community for older adults in the nation, according to the web site for the community. Full press release after jump. [Curbed InBox]

Angelus Plaza Refinance Will Yield Redo & $57 million for New Housing

CRA/LA Approves $96-million Bond Issue to Fund Deal

Los Angeles — A plan to refinance the 27-year-old, senior affordable
Angelus Plaza owned by affiliates of Retirement Housing Foundation
(RHF) in Downtown Los Angeles by issuing $96-million in tax-exempt,
multi-family senior housing bonds was approved today by the Community
Redevelopment Agency of the City of Los Angeles (CRA/LA).

Pending approval by the Los Angeles City Council, CRA/LA would issue
the bonds as part of a $213-million, financial restructure that would
provide approximately $43.6 million to refurbish

1, 098 units of senior housing in the Angelus Plaza complex and
another approximately $57 million for a national housing trust fund,
with half of the money or approximately $28.5 million, slated for new
construction and preservation of affordable housing in Los Angeles
housing.

The other half will be spent by RHF across the nation for the same purposes.