Politics & Government
$466M Up For Grabs For Affordable Housing Projects In Los Angeles
The funding can support new construction, preservation, homeownership and other affordable housing projects across Los Angeles.
LOS ANGELES, CA — The city of Los Angeles began accepting applications Tuesday for $466 million in available affordable housing funds.
Applications opened Tuesday at 9 a.m. and will be accepted through Dec. 4. Applicants were encouraged to apply early.
Funding will be released in February or March 2027, with the goal of having the City Council give final approval in April 2027. More information about the application is available here.
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The dollars are part of the Homes for LA program, which aims to create and preserve affordable housing, prevent homelessness and support a range of households across the city. In late September, the City Council and Mayor Karen Bass approved the second notice of funding availability for the program.
In May, the first round of the Homes for LA NOFA was approved by the City Council and Bass, resulting in $360 million being dispersed to support 80 housing projects, which are expected to create or preserve a total of 5,241 affordable housing units.
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Funding opportunities were made possible through the United to House LA Affordable Housing Funds and other sources. Officials said these dollars support seven unique programs aimed at affordable housing production, preservation of affordable housing and stabilizing existing affordable housing through operating assistance.
LAHD has added plans to support new social models that will encourage a framework for portfolio stabilization, homeownership and mixed-income developments. Additionally, there will be funding available to help social housing models that emphasize tenant governance, permanent affordability and mixed-income developments.
"This NOFA represents a historic moment for the Los Angeles Housing Department and the city of Los Angeles by offering funding not just for new construction but also for housing preservation and stabilization, while creating a path to homeownership," LAHD General Manager Tiena Johnson said in a statement.
"Thanks to United to House LA and the voters who made this possible, we now can move the needle in a meaningful way for Angelenos to have safe, affordable housing available to them," Johnson added.
City News Service
