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Los Angeles City Council approves housing revenue bonds, small ceremonial appropriations and multiple settlement actions
Summary
At its June 2025 meeting the council approved an $18.5 million housing revenue bond for a 57‑unit project, a small ceremonial appropriation and multiple settlement recommendations from committee, continued one cannabis-related item and scheduled other items for further consideration.
Los Angeles City Council voted on a set of agenda items at its June 2025 meeting, approving an $18,503,750 housing revenue bond for the new construction of a 57‑unit multifamily project, a $1,682.19 ceremonial appropriation and multiple settlement recommendations that had been considered in committee.
The approvals came after the clerk reported that items 1 and 13 through 15, and items 17 and 18 were before the council; a roll call vote recorded 15 ayes. The council also approved a number of closed‑session settlement recommendations that had come through the Budget and Finance Committee earlier in the meeting.
Why it matters: The housing revenue bond is the largest single financial item approved during the vote and will support a 57‑unit multifamily development financed through housing revenue bonds. Several civil…
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