LA agency tries centralized finance: $100M for 10 housing projects
Los Angeles County housing developers have a new model to finance affordable projects through the L.A. County Affordable Housing Solutions Agency, or LACAHSA. The centralized funding entity is designed to streamline what has been a fragmented, bureaucratic process, the Los Angeles Times reported. On Wednesday, the agency approved $100 million for 10 projects under the new model. Traditionally, affordable housing developers have tried to secure funding from three to five separate local and state agencies, each with its own compliance and approval timelines. The result was long delays and millions in added costs. A study by Terner Center for Housing […]This article originally appeared on The Real Deal. Click here to read the full story.
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