A large percentage of the loan programs administered by the Los Angeles County Development Authority (LACDA) go toward assisting the development and construction or renovation of multifamily rental housing for Special Needs populations.  Eligible projects applying for funding under a Notice of Funding Availability (NOFA) must be new construction, or acquisition with substantial rehabilitation, providing at least 15 units of permanent rental housing.  Affordable rents and income restrictions are required in exchange for favorable loan terms.  Eligible applicants include non-profit and for-profit organizations, limited liability companies, limited partnerships, public agencies, other local jurisdictions, and joint ventures among any of these entities.  Apartment buildings or complexes that receive financing assistance from the LACDA are required to submit annual compliance reports which are monitored by the LACDA staff.

Starting in NOFA 32, proposed developments that are located within 500 feet of a freeway may be eligible for funding if funds are available after all other eligible projects are awarded. The LACDA shall review and approve, at its sole discretion, any site plans for developments of this type. Please refer to the NOFA Guidelines for more information.

Click here to Watch the LACDA's Annual Owner Certification Training.