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Committee approves redesigned TLS program, raises annual per-slot rate and directs rent-reasonable unit pool
Summary
The Housing and Homelessness Committee approved CAO-recommended changes to the Alliance time-limited subsidy (TLS) program, including raising the annual per-slot rate to $29,560, a short-term fiscal agent contract with HOME, Inc., and instructions to build a rent-reasonable unit pool and report back monthly on lease-up progress.
The Los Angeles City Housing and Homelessness Committee on Jan. 21 approved changes to the Alliance time-limited subsidy (TLS) program aimed at accelerating placements and improving fiscal oversight.
The committee voted to adopt the CAO amendment that increases the recommended annual TLS service rate from $24,309 to $29,560 per slot and authorizes a not-to-exceed contract with a centralized fiscal agent and related LAHSA contract authority. Kendra Centilan of the Office of the City Administrative Officer read the amendment into the record and said, “The office recommends implementing a $29,560 annual rate for the Alliance TLS program to include dedicated centralized fiscal oversight of TLS rental payments, occupancy verification, and streamlined reporting.”
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