HOUSING PROGRAMS
Overview
The Law specifically mandates that redevelopment agencies act to retain and expand the affordable housing stock. The Law requires that a minimum of 20% of the revenues accruing to a redevelopment agency be set aside for the purpose of maintaining and expanding the supply of housing for low- and moderate-income households. In addition, there are specific requirements for replacing, on at least a one-for-one basis, any residential units which are housing low- or moderate-income households when those units are removed to foster other redevelopment goals and objectives.
Homeownership Programs
CRA/LA assisted homeownership programs are established on a project area by project area basis depending upon available funding and specific needs within each respective community.
Condo Conversion Information
Condo Conversion Committee Hearing Document