Summary

Housing and Homelessness Committee meeting summary

Los AngelesMar 4, 20262 min read

At a glance

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Committee approved: (1) a TEFRA resolution and up to $29,739,488 in tax-exempt conduit financing for the Prisma Apartments Supportive Housing Project (CD13); (2) an ordinance updating the automatic rent-adjustment formula for Rent Stabilization Ordinance units; (3) the redesigned Alliance Time-Limited Subsidy (TLS) Program and related settlement agreement amendments; and (4) a contract with Hope the Mission to implement an Encampment Resolution Fund grant for the San Fernando Osborne Program (Pacoima). All listed items were approved (5 Yes).

Committees mentioned

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Housing and Homelessness Committee

Topics discussed

Budget & TaxHousing

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What this means

The committee authorized low-cost, tax-exempt financing to support a new supportive housing development (Prisma Apartments). It approved changes to how annual rent increases are calculated for units covered by the city Rent Stabilization Ordinance, which updates the automatic rent-adjustment formula. The committee also approved a redesigned short-term subsidy program for people experiencing homelessness and a contract to fund local encampment resolution services in Pacoima. These actions approve funding and policy changes that directly affect affordable housing projects, rent increase rules for stabilized units, and local homelessness services.

Key decisions

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Approved City Administrative Officer and LAHD reports and adopted a TEFRA Resolution to issue a supplemental tax-exempt multifamily housing conduit revenue note up to $29,739,488 and execute related financing documents for the Prisma Apartments Supportive Housing Project at 6914 W. De Longpre Ave and 1350-1358 N. Orange Drive (CD13) – (5) Yes.
Approved City Attorney report and Ordinance amending Subsection D of LAMC Section 151.06 to require annual rent increases to comply with an updated automatic rent adjustment formula for units subject to the Rent Stabilization Ordinance (RSO) – (5) Yes. (Urgency clause noted: 12 votes required on second reading.)
Approved Los Angeles Housing Department report, as amended, regarding the redesigned Alliance Time-Limited Subsidy (TLS) Program and amendment of the Alliance Settlement Agreement with LAHSA to align with the redesigned program – (5) Yes.
Approved Motion to execute a contract with Hope the Mission to implement the Encampment Resolution Fund Grant for the San Fernando Osborne Program providing services for people experiencing homelessness in Pacoima (CD7) – (5) Yes.

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Meeting information

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Housing and Homelessness Committee - SPECIAL

Mar 4, 2026, 10:15 PMCalled by Committee Chair, SPECIAL MEETING – Housing and Homelessness Committee, Wednesday, March 4, 2026 - 2:15 PM, JOHN FERRARO COUNCIL CHAMBERcompleted

Agenda

26-0209 CD 13 City Administrative Officer and Los Angeles Housing Department reports and Resolutions relative to adopting the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) Resolution and Minutes; and issuing a supplemental tax-exempt multifamily housing conduit revenue note in an amount up to $29,739,488; and executing related financing documents for the Prisma Apartments Supportive Housing Project located at 6914 West De Longpre Avenue and 1350-1358 North Orange Drive in Council District 13. Fiscal Impact Statement: Yes Financial Policies Statement: Yes Debt Impact Statement: Yes Community Impact Statement: None submitted
26-0209
Decision: Special Agenda: ITEM(S)
23-1134-S2 Exemption, City Attorney report and Ordinance relative to amending Subsection D of Section 151.06 of the Los Angeles Municipal Code to require that annual rent increases that go into effect on or after the effective date of the subsection comply with the updated automatic rent adjustment formula provisions for rental units subject to the Rent Stabilization Ordinance (RSO). Fiscal Impact Statement: No Community Impact Statement: None submitted
23-1134-S2
Decision: Special Agenda: ITEM(S)
23-1022-S28 Los Angeles Housing Department report relative to the redesigned Alliance Time-Limited Subsidy Program; amending the Alliance Settlement Agreement Program between the City and the Los Angeles Homeless Services Authority to be consistent with the redesigned program; and related matters. Fiscal Impact Statement: Yes Community Impact Statement: None submitted
23-1022-S28
Decision: Special Agenda: ITEM(S)
25-0216-S1 CD 7 Motion (Rodriguez – Hernandez) relative to executing a contract with Hope the Mission to implement the Encampment Resolution Fund Grant for the San Fernando Osborne Program in Council District Seven that provides services for people experiencing homelessness in the community of Pacoima. Community Impact Statement: None submitted
25-0216-S1
Decision: Special Agenda: ITEM(S)