Cedillo Applauds Passage of Affordable Housing Linkage Fee

Cedillo Applauds Passage of Affordable Housing Linkage Fee

December 13, 2017

PRESS RELEASE
Cedillo Applauds Passage of Affordable Housing Linkage Fee
Pushes for Middle-Income Household Homeownership Opportunities

Los Angeles—The Los Angeles City Council established an Affordable Housing Linkage Fee (AHLF) and Housing Impact Trust Fund (HITF) today, creating a permanent funding source for affordable housing in the City of Los Angeles.

“Today’s council action is a historic move for the permanent development and preservation of affordable housing in Los Angeles,” stated Councilmember Gil Cedillo. “As the Chair of Housing, I will support any measure that gets us closer to our goal of building 100,000 units of housing by 2021. When creating a linkage fee, some cities have made certain exemption to the linkage fee, including exemptions for nonprofits and 100% affordable housing developments. Today, the City Council also approved my motion that asks for a similar exemption to extend homeownership opportunities for middle-income households, given the increasing price and shortage of housing. We have attack the housing crisis at every level,” added Cedillo.

The AHLF ordinance only exempts projects from AHLF requirements if they have at least 40% of total units affordable to moderate-income households making between 80% and 120% of the AMI for homeownership units.

Councilmember Cedillo’s motion to Incentivize Production of Middle-Income Homeownership Housing Opportunities (17-0274-S1) applies to housing units affordable to and occupied by middle income households making between 120% and 150% of the AMI. 17-0274-S1 was also approved today, and now moves to the committee process for consideration.

17-0274-S1: http://clkrep.lacity.org/onlinedocs/2017/17-0274-s1_mot_12-08-2017.pdf.

Councilmember Gil Cedillo currently represents the 1st Council District, which includes all or parts of the neighborhoods of Glassell Park, Cypress Park, Highland Park, Mt. Washington, Solano Canyon, Sycamore Grove, Elysian Park, Echo Park, Westlake, Angelino Heights, Temple Beaudry, Lafayette Park, Chinatown, Forgotten Edge, Lincoln Heights, Montecito Heights, Pico Union, Adams-Normandie, University Park, Mid Cities and Mac Arthur Park.

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