LAHD is seeking proposals for qualified Community Development Financial Institutions (CDFIs) or nonprofit financial institutions that have experience lending to nonprofits for the acquisition and rehabilitation of multifamily housing properties. Per House LA Program requirements established by the ULA measure and ordinance, as well as the ULA Acquisition and Rehabilitation of Affordable Housing Program Guidelines, funding for the Small NOAH Program will support acquisitions of multifamily properties of 3-20 units to bring them under affordability covenants and:

• Community Land Trust and stewardship
• Shared/limited-equity tenant ownership;
• Tenant governance; and/or
• Other tenant-based homeownership strategies

To learn more about this opportunity, and to download the RFP, please visit: http://www.rampla.org/ and search for RAMP ID: 221128