City Council

(35) 26-1066 CD 8 MOTION (HARRIS-DAWSON - HUTT) and RESOLUTION relative to issuing Multifamily Housing Revenue Bonds, in an amount not to exceed $40,000,000 to finance and/or refinance the acquisition and improvement of a 145-unit multifamily affordable housing development known as Figueroa Heights located at 7311, 7313, 7315, and 7317 South Figueroa Street (Project) in Council District Eight (CD 8). Recommendations for Council action, SUBJECT TO APPROVAL OF THE MAYOR: 1. CONSIDER the results of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) public hearing held on April 9, 2026 for the Project. 2. ADOPT the accompanying TEFRA RESOLUTION approving the issuance of bonds in an amount not to exceed $40,000,000 for the new construction of a 145-unit multifamily affordable housing development known as Figueroa Heights located at 7311, 7313, 7315, and 7317 South Figueroa Street (Project) in Council District Eight (CD 8).