City Council

(6)\n21-1207\nCD 13\nHOUSING AND HOMELESSNESS COMMITTEE REPORT and\nRESOLUTION relative to adopting the Tax Equity and Fiscal\nResponsibility Act of 1982 (TEFRA) Resolution and Minutes; and\nissuing a supplemental tax-exempt multifamily mortgage revenue bond\nin an amount up to $1,900,000; and executing related financing\ndocuments for the Voltaire Villas Supportive Housing Project located at\n316 North Juanita Avenue in Council District 13 (CD 13).\nRecommendations for Council action, SUBJECT TO THE APPROVAL\nOF THE MAYOR:\n1. NOTE and FILE the Los Angeles Housing Department (LAHD)\nreport dated December 11, 2025, attached to Council file No.\n21-1207, relative to the issuance of supplemental tax-exempt\nmultifamily mortgage revenue bond for the Voltaire Villas\nSupportive Housing Project located at 316 North Juanita\nAvenue in CD 13.\n2. ADOPT the October 30, 2025 TEFRA minutes for the Project\ncontained in the City Administrative Officer (CAO) report dated\nJanuary 28, 2026, attached to Council file No. 21-1207.\n3. ADOPT the accompanying RESOLUTION attached to the CAO\nreport dated January 28, 2026, attached to the Council file,\nauthorizing the issuance of up to $1,900,000 in supplemental\ntax-exempt multifamily mortgage revenue bonds for the Project.\n4. AUTHORIZE the General Manager, LAHD, or designee, to\nnegotiate and execute the relevant financing documents for the\nProject, subject to the approval of the City Attorney as to form.\nFiscal Impact Statement: The CAO reports that there is no General\nFund impact as a result of the issuance of supplemental tax-exempt\nmultifamily mortgage revenue bond (Bonds) for the Project. The City\nis a conduit issuer and does not incur liability for the repayment of the\nBonds, which are a limited obligation payable solely from the\nrevenues of the Project, and the City is not, under any circumstances,\nobligated to make payments on the Bonds.\nFinancial Policies Statement: The CAO reports that the\nrecommendations in this report comply with the City’s Financial\nPolicies in that the Bonds are a limited obligation payable solely from\nthe revenues of the Project and the City is not, under any\ncircumstances, obligated to make payments on the Bonds.\nDebt Impact Statement: The CAO reports that there is no debt impact\nas the Bonds are a conduit issuance debt and not a debt of the City.