Affordable Housing Managed Pipeline
The Affordable Housing Managed Pipeline creates affordable rental housing for low and very low income households by making long-term loans for new construction or for the rehabilitation of existing residential structures through an open competitive Notice of Funding Availability process.
Proposition HHH
The Proposition HHH Supportive Housing Loan Program is funded by Proposition HHH (Prop HHH), approved by city voters in 2016.
Homekey
The California Department of Housing and Community Development (HCD) issues funding to sustain and rapidly expand the inventory of housing for people experiencing homelessness or at risk of homelessness. Homekey is an opportunity for state, regional, and local public agencies to develop a broad range of housing types, including but not limited to hotels, motels, hostels, single family homes and multifamily apartments, adult residential facilities, manufactured housing, and to convert commercial properties and other existing buildings to Permanent or Interim Housing for the Target Population.
The LAHD and CAO are active participants in the administration of the Homekey funds awarded to the City of Los Angeles.
ULA
United to House LA (ULA) is a sustainable funding stream dedicated to affordable housing production and homelessness prevention in the City of Los Angeles. The ULA ballot measure was drafted by a broad-based community coalition, endorsed by more than 200 local organizations, and approved by 58% of Los Angeles voters in the November 2022 election. Funding for all program categories is generated by an additional special real property transfer tax on conveyances of real property over $5 million. ULA went into effect on January 1, 2023.
Seventy percent of the ULA program funds the Affordable Housing Program, which supports the construction, rehabilitation, and preservation of affordable housing. Thirty percent of the ULA program funds the Homelessness Prevention Program, which supports efforts to stabilize lower-income tenants and prevent their displacement from their homes.
Municipal Bond Finance
The City of Los Angeles, through the Los Angeles Housing Department (LAHD), acts as the primary issuer of tax-exempt and taxable multi-family housing bonds for qualified developments located in the City of Los Angeles.
Public Land Development
In November of 2012, after the dissolution of the Community Redevelopment Agency of Los Angeles (CRA/LA), the Los Angeles Housing Department (LAHD) created the Land Development Unit (LDU) to implement the development of affordable housing on land purchased by the CRA/LA for affordable housing.
Acquisition / Predevelopment (NGF and SHLF)
Los Angeles Housing Department (LAHD) has partnered with the Enterprise Community Partners to develop the $200 million New Generation Fund (NGF).
LAHD has partnered with Corporation for Supportive Housing to create the Supportive Housing Loan Program (SHLF) providing acquisition/ predevelopment funds for supportive housing developments.
