1 / 12

Presentation

Presentation. Joint Hearing Senate Transportation and Housing Committee Assembly Housing and Community Development Committee By Beth Stochl, Assistant General Manager Los Angeles Housing Department October 11, 2006. Introduction.

florencec
Download Presentation

Presentation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Presentation Joint Hearing Senate Transportation and Housing Committee Assembly Housing and Community Development Committee By Beth Stochl, Assistant General Manager Los Angeles Housing Department October 11, 2006 Los Angeles Housing Department

  2. Introduction • LAHD acts as the City’s primary affordable housing finance agency, providing funds for the development of affordable rental and for-sale housing, and home improvement loans and grants to low and moderate income homeowners. • Affordable rental housing targets persons and families with incomes at or below 60% of Area Median Income (AMI). • First-time homebuyer programs target low to moderate income homebuyers at or below 80% of AMI up to 150% of AMI. • LAHD leverages Mayor Antonio Villaraigosa’s Affordable Housing Trust Fund with State, Federal, County, and private dollars, including State Prop 46 funds, Low-Income Housing Tax Credits, Tax-Exempt Bonds, HUD 202/811 awards, City of Industry Funds, Conventional Loans, and other resources as available. Los Angeles Housing Department

  3. Affordable Housing Trust Fund Through the Affordable Housing Trust Fund, LAHD assists in the development of affordable housing units that benefit: - Large Families - Seniors - Persons With Special Needs In addition, the Trust Fund also helps to develop and preserve projects which are: - At Risk of Converting to Market Rate - Adaptive Reuse Los Angeles Housing Department

  4. Permanent Supportive Housing Program • The City’s first Permanent Supportive Housing Program to combine permanent housing and on-site supportive services • For homeless and chronically homeless adults and families, and transition-age youth • Joins the forces of four City departments: Los Angeles Housing Department Los Angeles Community Redevelopment Agency Los Angeles Department of Water & Power Housing Authority of the City of Los Angeles • The City’s Program provides capital and operating subsidies Los Angeles Housing Department

  5. Broadway Village 25101 South Broadway Los Angeles 90037 • New Construction • 50 Units • Large Families • $1.8M MHP Funds Developer: Beyond Shelter Housing Development Corporation Los Angeles Housing Department

  6. Casa Shalom1308 South New Hampshire Avenue Los Angeles 90006 • New Construction • 30 Units • Large Families • $1.9M MHP Funds Developer: United Methodist Church Los Angeles Housing Department

  7. Cecil Younger Gardens14649 Saticoy Street Los Angeles 91405 • New Construction • 30 Units • Special Needs/Family • $1.4M MHP Funds Developer: LA Family Housing Los Angeles Housing Department

  8. HFL Van Nuys Apartments13457 Vanownen Street Los Angeles 91405 • New Construction • 15 Units • Special Needs • $873,400 MHP Funds Developer: Homes for Life Foundation Los Angeles Housing Department

  9. Las CasitasUtah Street (Boyle Heights) Los Angeles 90033 • Single Family Townhomes • 39 Homes - 11 Low Income Homes - 28 Market-Rate Homes • BEGIN Funds Developer: East Los Angeles Community Corporation Los Angeles Housing Department

  10. Lorena Terrace611-619 South Lorena Street Los Angeles 90023 • New Construction • 49 Units • Large Families • $2.8M MHP Funds Developer: East Los Angeles Community Corporation Los Angeles Housing Department

  11. Mt Zion Towers Senior4827 South Central Avenue Los Angeles 90011 • Rehabilitation • 118 Units • Seniors • $1.6M MHP Funds Developer: Concerned Citizens of South Central LA Los Angeles Housing Department

  12. For More Information Los Angeles Housing Department www.LACITY.ORG/LAHD/ 1200 West Seventh Street 9th Floor Los Angeles, CA 90017 • Mercedes Márquez, General Manager Beth Stochl, Asst General Manager Los Angeles Housing Department Housing Development (213) 808-8808 (213) 808-8662 mmarquez@lahd.lacity.orgbstochl@lahd.lacity.org • Sergio Tejadilla, Acting Director Tim Elliot, Manager Major Projects Affordable Housing Trust Fund (213) 808-890 (213) 808-8948 stejadilla@lahd.lacity.orgteliott@lahd.lacity.org • George Guillen, Manager Homeownership Program (213) 808-8585 gguillen@lahd.lacity.org Los Angeles Housing Department

More Related