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