Launching a Housing Finance Agency to Fund Expanded Housing in Los Angeles
To ease the increasingly urgent housing crisis in Los Angeles, where more than 55,000 people lack shelter, the city is developing its own capabilities to fund expanded housing stock by creating a Housing Finance Agency (HFA). The agency’s goal is to generate direct subsidies for housing by issuing bonds and low-cost development loans.
Now in its second phase of the project, the city will partner with FUSE executive fellow David Spirakis to launch the HFA. David will help clear legislative hurdles, devise a business plan, and secure first-stage funding, as well as implement the full launch of the new agency. With new financing tools from the HFA, the city can better tackle its housing shortage for decades to come.