City Council

(29) 24-0544 CONTINUED CONSIDERATION OF HOUSING AND HOMELESSNESS COMMITTEE REPORT relative to instructing the Los Angeles Housing Department (LAHD), in coordination with the City Administrative Officer (CAO), Economic and Workforce Development Department, City Attorney, and Chief Legislative Analyst (CLA), to initiate the process to become a member of the California Community Housing Agency (CalCHA) Joint Powers Authority; and related matters. Recommendations for Council action, as initiated by Motion (Hutt - Harris- Dawson): 1. INSTRUCT the LAHD, in coordination with the CAO, City Attorney, and CLA to report to Council in 45 days with recommendations to develop a middle-income affordable rental housing program that would provide all the necessary underwriting and approvals to support the issuance of bonds for the construction, preservation, and protection of new essential middle-income affordable rental housing based on the guidelines listed in the Motion. 2. DIRECT the LAHD, Department of City Planning, and Office of Finance to report to Council on the impacts to the possessory interest, property tax revenues and other tax and revenues implications on public dollars. Fiscal Impact Statement: Neither the CAO nor the CLA has completed a financial analysis of this report.