Title
AFFORDABLE HOUSING PRESERVATION PROGRAM
Subject
Motion - That the City Council authorize the Los Angeles Housing Department to continue to negotiate with Fannie Mae to establish a $30 million line of credit for the purpose of acquiring property to preserve existing affordable housing and to instruct the City Administrative Officer and the Chief Legislative Analyst to report in 30 days with a source of funds in the amount of $20 million to guarantee the line of credit.
Date Received / Introduced
07/25/2008
Last Changed Date
08/29/2008
Expiration Date
08/12/2010
File History
7-25-08 - This day's Council session
7-25-08 - Ref to Housing, Community and Economic Development Committee
7-25-08 - File to Housing, Community and Economic Development Committee Clerk