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Preserving HUD-Assisted Affordable Housing in the City of Los Angeles

Preserving HUD-Assisted Affordable Housing in the City of Los Angeles. Two major issues are threatening City’s supply of HUD assisted , rent-regulated affordable homes: Expiring S8 contracts subject to opt outs:.

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Preserving HUD-Assisted Affordable Housing in the City of Los Angeles

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  1. Preserving HUD-Assisted Affordable Housing in the City of Los Angeles • Two major issues are threatening City’s supply of HUD assisted, rent-regulated affordable homes: • Expiring S8 contracts subject to opt outs:

  2. Preserving HUD-Assisted Affordable Housing in the City of Los Angeles (continued) • Subsidized HUD Mortgages expiring over the next 5 years, primarilySection 221(d)(3)BMIR and Section 236. • Those with for-profit notes and Flex Subisdy loans are eligible to prepay and trigger Enhanced Vouchers to protect tenants. • Those without, mostly nonprofit owned, are not eligible for EVs

  3. Preserving HUD-Assisted Affordable Housing in the City of Los Angeles (continued) • Over the next five years, there are 401 units in the City of Los Angeles with expiring HUD Subsidized mortgages without Section 8 assistance:

  4. Preserving HUD-Assisted Affordable Housing in the City of Los Angeles (continued)

  5. Preserving HUD-Assisted Affordable Housing in the City of Los Angeles (continued)

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