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Committee directs extension of financial commitments to four AHMP projects and asks LAHD to explain selection process after Venistel and Prisma were removed
Summary
At the April 9 meeting the Housing and Homelessness Committee approved a motion to extend financial commitments and issue support letters for four projects in the Affordable Housing Managed Pipeline that will apply to the California Tax Credit Allocation Committee in 2025.
At the April 9 meeting the Housing and Homelessness Committee approved a motion to extend financial commitments and issue support letters for four projects in the Affordable Housing Managed Pipeline (AHMP) that will apply to the California Tax Credit Allocation Committee (TCAC) in 2025. The committee also requested a 30-day report from the Los Angeles Housing Department (LAHD) on the criteria used to determine eligibility for initial commitments and extensions and on how LAHD communicates decisions to prospective applicants.
Committee members moved the measure after a series of public comments from developers and housing advocates who said two previously committed projects, Venice Del…
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