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Affordable Housing Bond Program

Provider: Los Angeles Housing Department

Categories: Business Assistance: Construction Project Development Assistance

Description
The Los Angeles Housing Department's Affordable Housing Bond Program (AHBP) issues tax-exempt mortgage revenue bonds allocated by the California Debt Limit Allocation Committee (CDLAC) to build new multi-family housing developments or to rehabilitate existing structures. The bonds are a source of funding available to developers of qualified residential rental housing projects located within the City of Los Angeles. To access this tax-exempt financing, projects must restrict a minimum of 20% of their units to affordable levels; but projects are more often made 100% affordable by the developers in the effort to attain the maximum benefit of this resource.

Webpage: http://lahd.lacity.org/lahdinternet/DevelopersContractors/MunicipalBondFinance/tabid/111/Default.aspx

Locations

LAHD Main Office
1200 W 7th St 8
Los Angeles, CA 90017
tel: (213) 808-8951
tdd: (213) 473-3231

Email: yaneli.ruiz@lacity.org
Hours: By appointment only
Accessible: Accommodations for the disabled are available.
Parking: Pay parking structure on site; enter from 7th St (sorry, validations not available). Office is 3 blocks west of 7th St/Metro Center Station. Nearby bus lines: Metro Local 51, 52, 352; DASH A, E

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