The Los Angeles City Council authorized a Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) hearing to allow the California Statewide Communities Development Authority to issue up to $20 million in bonds for the financing of the acquisition, rehabilitation, and development of the Panorama View Apartments at 9222 Van Nuys Boulevard. The project consists of 89 affordable housing units and aims to support the community by providing rehabilitated, affordable multifamily housing.
This project provides significant economic development incentives through bond financing for affordable housing, addressing critical housing needs in Los Angeles. The rehabilitation and development of Panorama View Apartments will offer essential housing for residents, promoting stability and community well-being.