The past year was comprised of significant achievements for the Community Development Commission and Housing Authority of the County of Los Angeles.
We continued to be designated as a High Performer by HUD among our federally-funded programs, while receiving prestigious recognition from the county as one of the Top 10 models of quality and productivity for Coteau III, the first newly constructed supportive housing development for foster youth.
We are proud of the reach of our programs in supporting the vitality of county businesses. In the past year, our economic development programs helped 21 local merchants revitalize their storefronts and provided $1.3 million in assistance through our commercial loan programs to help business owners create or retain 60 jobs. Further, our Business Technology Center has helped 30 sprouting companies grow into stable businesses, four of which recently graduated into self-sufficiency.
Additionally, the Housing Authority continues its commitment to end chronic homelessness among veterans by competing for Veterans Affairs Supportive Housing vouchers. Through June 2015, we have been awarded nearly 1,300 vouchers with another 270 on their way. In addition, we continue to partner with non-profits to develop new affordable housing for our most vulnerable populations.
These projects exemplify our commitment to providing quality service delivery to individuals, families, and businesses. The Commission and Housing Authority look ahead to the upcoming year with enthusiasm knowing our collective spirit and work ethic will allow us to maintain our designation as a high performing agency. We look forward to carrying out our mission to Build Better Lives and Better Neighborhoods for you, the residents of Los Angeles County.