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Transit Oriented Communities (TOC) Incentive Program / Covenanted Affordable Units / Unsubsidized / Schedule 1 (HUD Rents) / Schedule 6 or 7 (HCD Rents) / Schedule Reversion

CF 23-0490                     AT CITY COUNCIL 06.30/2023 

HOUSING AND HOMELESSNESS COMMITTEE REPORT relative to changing the rent schedule for the Transit Oriented Communities (TOC) Incentive Program.

Recommendation for Council action, pursuant to Motion (Raman – Hernandez – Soto-Martinez):
INSTRUCT the Los Angeles Housing Department, with support from the City Attorney, and any other relevant departments, to report within 30 days with a clear plan for changing the TOC Incentive Program from Schedule One, HUD rents, which has been in effect since October 2022, back to Schedule Six or Seven, HCD rents. The report should also include additional options to minimize rent amounts for lower-income tenants of 100% affordable housing projects while ensuring that those projects meet any other funding source requirements.

Fiscal Impact Statement: Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report.

Community Impact Statement: None submitted

Click on the BLUE HIGHLIGHT to view official documents.

  • 06/27/2023 City Clerk scheduled item for Council on June 30, 2023.  Report from Housing and Homelessness Committee 06/21/2023
  • 06/21/2023 Housing and Homelessness Committee approved item(s) .  Motion 05/10/2023
  • 06/16/2023 Housing and Homelessness Committee scheduled item for committee meeting on June 21, 2023.  Motion 05/10/2023
  • 05/10/2023 Motion referred to Housing and Homelessness Committee.  Motion 05/10/2023

 

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