Los Angeles Family Housing Loan Extensions

At a glance

• What: a Housing Committee report (Council File 26-1157) amending City loan agreements with Los Angeles Family Housing for two affordable projects, Strong Residence (Council District 1) and Harmony Place Apartments (Council District 2).
• Where it stands: adopted by the City Council on 2026-10-13 by 13 ayes, 0 noes (Nazarian and Yaroslavsky absent). Time limit file; the last day was October 16.
• Terms: a new loan maturity date up to and including June 10, 2045 for Strong Residence, and up to and including September 19, 2040 for Harmony Place, with reserve requirements updated to current Housing Department standards. The City Attorney is requested to recast the project debt and prepare new loan documents.
• Cost: the Housing Department reports no General Fund impact.

Sources

• City Council journal, October 13, 2026: https://lacity.primegov.com/Public/CompiledDocument?meetingTemplateId=150185&compileOutputType=1

Log

2026-10-13 - City Council

Item 10. Adopted, 13 ayes, 0 noes.