Caruso Pushes Back on LA Mayor’s Call for Wealthy Angelenos to Fund Homeless Housing

In shades of Los Angeles’s 2022 mayoral campaign, billionaire developer and former candidate Rick Caruso took to X April 19 to challenge what has emerged as the highlight of Mayor Karen Bass’s recent State of the City speech. In her address at City Hall earlier this week, Ms. Bass called on wealthy Angelenos to help move embattled homelessness programs forward. “We are asking the most fortunate Angelenos to take part in this effort, with personal, private sector and philanthropic funds, to help us acquire more properties, lower the cost of capital, and speed up housing,” she said in the evening address April 15....