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Housing
ALL
HOUSING DEVELOPMENT: DEVELOPER REGULATORY INCENTIVES
HOMEOWNERSHIP AND REHABILITATION
DEVELOPMENT: DEVELOPER
ASSISTANCE
FOR-SALE HOUSING:
HOMEBUYER ASSISTANCE
RENTAL HOUSING:
DEVELOPER FINANCIAL ASSISTANCE
RENTAL HOUSING:
TENANT ASSISTANCE
ALL HOUSING DEVELOPMENT:
DEVELOPER REGULATORY INCENTIVES
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Summary |
Specific building standards and land
use regulations available to encourage housing production
and/or encourage the inclusion of affordable units
in housing developments.
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Program Sponsor |
City Planning Department
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Contact Information |
Jane Blumenfeld
City Planning Department
200 N Spring Street, 7th Floor
Los Angeles, Ca, 90012
Phone: 213-978-1339 or 213-978-1372
Email:
jblumenf@planning.lacity.org
Also see City Planning Department website: http://www.lacity.org/PLN
(under Selected Ordinances and Reports)
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Geographical Area |
City of Los Angeles |
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Eligibility |
Non-profit and For-profit Developer
of housing and or mixed-use projects.
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Description
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Affordable Housing Incentive Program:
Projects of 5 or more units are entitled to a 25%
increase over the number of units otherwise permitted
by the underlying zoning in exchange for including
affordable units within the project. Projects that
include affordable units are also eligible for reduced
parking requirements. For projects in close proximity
to transit stops a density increase of 35% is available.
Residential and Accessory Services (RAS) Zone:
A zone designation in the city’s zoning code
which permits residential development in a commercial
zone and increases potential building size by allowing
greater floor area ratio, greater height and reduced
setbacks. To take advantage of this, developers apply
for a zone change for a respective site located in
a commercial zone.
Adaptive Reuse Ordinance: To encourage
the conversion of older, commercial buildings to residential
or mixed-use developments, development incentives
are available such as increased density, reduced parking
and exemption from site plan review. In addition,
qualifying projects may also take advantage of exemptions
regarding floor area, height and setbacks.
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| Cost of Assistance
offered |
N/A |
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Scheduled Program Duration |
N/A
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HOMEOWNERSHIP AND
REHABILITATION DEVELOPMENT:
DEVELOPER ASSISTANCE
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Summary |
Financial assistance to developers of single-family
homes, including the efforts of one home or more
than one.
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Program Sponsor |
Los Angeles Housing Department (LAHD)
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Contact Information |
Bobken Simonians, Housing and Preservation Division
3550 Wilshire Blvd. #1500
Los Angeles, Ca 90010
Phone: 213-808-8596 rehabilitation
Email: bsimonians@lahd.lacity.org
Also see LAHD website:
http://www.lacity.org/lahd/
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Geographical Area |
The City of Los Angeles
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Eligibility |
For profit and non-profit developer
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Description
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Small Sites: provides loans to
developers to build family homes and sell them to
qualifying lower income first-time homebuyers for
projects that are one to ten homes.
Large Sites Development: Provides
loans to developers for projects of 11 homes or
more that will have a greater revitalization impact
on the community.
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Cost of Assistance Offered |
N/A
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Scheduled Program Duration |
N/A
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FOR-SALE HOUSING: HOMEBUYER ASSISTANCE
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Summary |
Variety of financial assistance to individual homebuyers
of single family and multi-family homes.
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Program Sponsor |
Los Angeles Housing Department (LAHD)
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Contact Information |
Bobken Simonians, Housing and Preservation
Division
3550 Wilshire Blvd., #1500
Los Angeles, CA 90010
Phone: 213-808-8596
Email:
bsimonians@lahd.lacity.org
Also see LAHD website:
http://www.lacity.org/lahd/
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Geographical Area |
City of Los Angeles
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Eligibility |
Homebuyers must meet eligibility criteria, including
income requirements, for each program.
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Description
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Mortgage Credit Certificate (MCC):
Provides the homebuyers with more borrowing power
by paying less in federal income tax.
Home Works: Provides purchase/rehabilitation
loans or down payment/closing cost assistance to
low-income, first-time homebuyers.
Soft-Second Mortgage Assistance:
Provides a secondary mortgage to qualified first-time
homebuyers who have received loan approval from
a first mortgage lender, and which is only repaid
under certain conditions.
Homes for Police Officers & Firefighters:
Provides homeownership assistance to sworn safety
personnel to buy a home.
Homes for Teachers: Aims to aid
in the recruitment and retention of teachers by
providing below market rate mortgages and down payment
assistance to teachers working in Low Performing
schools and buying a home.
Home choice: Single-family mortgage
loan program specialized to meet the financial needs
of low and moderate income people who have disabilities
or people with disabilities living with them.
Childcare Provider Home Ownership Program:
Offers financing opportunities to low-income, licensed
family childcare providers who have been in business
for at least two years.
Home Buy: provides “gap financing”
loans up to $60,000 for low income homebuyers who
need assistance in purchasing new constructed or
newly rehabilitated homes built under the Large
and Small sites development programs. (See description
under “For Sale Housing: Developer Assistance”)
Home Safe Programs: provide “gap
financing” for low-income buyers who need
assistance to purchase lead-based paint hazard and
code violation free home.
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Scheduled Program Duration |
N/A
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Additional Notes |
Ongoing
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RENTAL
HOUSING: DEVELOPER FINANCIAL ASSISTANCE
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Summary |
Finances and monitors multi-family housing projects,
from conceptual review through permanent financing
and operating.
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Program Sponsor |
Los Angeles Housing Department (LAHD)
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Contact Information |
Major Projects Division
1200 West 7th Street, Los Angeles, CA 90017
Phone: 213-808-8936
Also see LAHD website: http://www.lacity.org/lahd/
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Geographical Area |
City of Los Angeles
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Eligibility |
For-profit and non-profit developers
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Description
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Multifamily Rental Housing Program:
Projects under this program apply for 9% Low Income
Housing Tax Credits and other competitive funding
sources, which are leveraged with conventional loans,
foundation support and any other sources identified
by LAHD and the applicant. The emphasis of the program
is the acquisition and rehabilitation of existing
structures. However, new construction of multi-family
projects is also financed.
High Leverage Project Loan Program:
Expedites the approval of funding if a project is
receiving a substantial portion of their funding from
other competitive sources.
Distressed and Nuisance Properties Loan Program:
Facilitates the acquisition and development of multi-family
rental housing units under distressed and nuisance
conditions.
Housing Opportunities for Persons with AIDS
Capital Development Program: Provides funds
intended to be leveraged with other funding sources
for acquisition, predevelopment, construction and
permanent financing to meet the housing needs of low-income
persons living with HIV/AIDS and their families.
Tax-Exempt Bonds: Issued to finance
the acquisition, construction, and rehabilitation
of multi-family projects.
Affordable Housing Trust Fund High Leverage
Program: Ensures local funding commitments
for acquisition, construction and permanent loans
to priority projects that are ready for development
and most likely to compete successfully for state
funding which is made available through Proposition
46, Federal funds and other local funds.
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Cost of Assistance Offered
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N/A
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Scheduled Program Duration |
N/A
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RENTAL
HOUSING: TENANT ASSISTANCE
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Summary |
Through financial assistance provides access to affordable,
decent and safe housing for eligible families, while
increasing a family’s residential mobility and
choice.
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Program Sponsor |
Housing Authority of the City of Los Angeles
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Contact Information |
Lourdes
Castro-Ramirez
Director of Section 8
Housing Authority of the City of Los Angeles
2600 Wilshire Blvd
Los Angeles, CA 90057
Phone: (213) 252-2570
FAX: (213) 252-2650
lcastro@hacla.org
or the HACLA web-site at http://www.hacla.org/
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Geographical Area |
City of Los Angeles
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Eligibility |
Income-based and location-based requirements and
an extensive waiting list.
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Description
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Section 8 provides rent subsidies or housing assistance
payments to private landlords on behalf of eligible
very low income and low-income families, senior citizens,
and persons with disabilities. There are two types
of Section 8 rental subsidies:
• Tenant-based subsidies are tied to the tenant
and moves with them to any new unit.
• Project-based subsidies are tied to the unit
and assist any tenant of the unit.
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Cost of Assistance Offered
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N/A
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Scheduled Program Duration |
Ongoing
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