City Council

(6) 21-1207 CD 13 HOUSING AND HOMELESSNESS COMMITTEE REPORT and RESOLUTION relative to adopting the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) Resolution and Minutes; and issuing a supplemental tax-exempt multifamily mortgage revenue bond in an amount up to $1,900,000; and executing related financing documents for the Voltaire Villas Supportive Housing Project located at 316 North Juanita Avenue in Council District 13 (CD 13). Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. NOTE and FILE the Los Angeles Housing Department (LAHD) report dated December 11, 2025, attached to Council file No. 21-1207, relative to the issuance of supplemental tax-exempt multifamily mortgage revenue bond for the Voltaire Villas Supportive Housing Project located at 316 North Juanita Avenue in CD 13. 2. ADOPT the October 30, 2025 TEFRA minutes for the Project contained in the City Administrative Officer (CAO) report dated January 28, 2026, attached to Council file No. 21-1207. 3. ADOPT the accompanying RESOLUTION attached to the CAO report dated January 28, 2026, attached to the Council file, authorizing the issuance of up to $1,900,000 in supplemental tax-exempt multifamily mortgage revenue bonds for the Project. 4. AUTHORIZE the General Manager, LAHD, or designee, to negotiate and execute the relevant financing documents for the Project, subject to the approval of the City Attorney as to form. Fiscal Impact Statement: The CAO reports that there is no General Fund impact as a result of the issuance of supplemental tax-exempt multifamily mortgage revenue bond (Bonds) for the Project. The City is a conduit issuer and does not incur liability for the repayment of the Bonds, which are a limited obligation payable solely from the revenues of the Project, and the City is not, under any circumstances, obligated to make payments on the Bonds. Financial Policies Statement: The CAO reports that the recommendations in this report comply with the City’s Financial Policies in that the Bonds are a limited obligation payable solely from the revenues of the Project and the City is not, under any circumstances, obligated to make payments on the Bonds. Debt Impact Statement: The CAO reports that there is no debt impact as the Bonds are a conduit issuance debt and not a debt of the City.