Los Angeles Affordable Housing Trust Fund
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The National Low Income Housing Coalition is providing this data as a public service. NLIHC will continue to update the database. The accuracy of the data is based on information provided by the programs' administrators and user submissions.
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The Los Angeles Affordable Housing Trust Fund (AHTF) provides construction and permanent financing for the development and preservation of affordable rental housing. These funds are leveraged with federal Low Income Housing Tax Credits (LIHTC), tax‐exempt bonds, and other sources of public and private financing. The AHTF provides gap financing through a competitive Notice of Funding Availability (NOFA) process.
Funding Description:
This program is funded through the City of Los Angeles, and was established by City Council using seed funding of $5 million dollars in 2000. In 2013, the city combined local funding with federal HOME funding, and the total amount of funding available through the Trust Fund was $25 million.
Currently, the Trust Fund is comprised of various funding sources, including but not limited to federal HOME funds, city general funds, and McKinney Act bond funds.One to three funding rounds are held each calendar year, with projects competing for Trust Funds that are used to leverage LIHTC or funding from other state or federal housing programs.
Website: http://lahd.lacity.org/lahdinternet/AffordableHousingTrustFund/tabid/126/language/en-US/Default.aspx
Contact: Claudia Monterrosa, Los Angeles Housing and Community Investment Department, 213-808-8650, [email protected]
