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Committee approves LAHD update on Pro-Housing Incentive pilot; staff note tight timeline for bond reimbursement
Summary
LAHD reported on a pilot Pro-Housing Incentive program and requested committee support to commit pilot bond funds for several properties; staff warned the bond reimbursement timeline is short and urged developers to coordinate with the department to prepare pre-inspections and paperwork.
The Los Angeles Housing Department (LAHD) presented an update on the Pro-Housing Incentive pilot and requested committee approval to accept and expend pilot funds for select properties in the city portfolio.
LAHD staff described a pilot program financed in part with bonds and noted approximately $3.4 million (presentation cited a figure in that range) in pilot funds associated with several properties including references to portfolios managed by Skill Road and…
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