The Los Angeles City Council authorized the issuance of up to $16 million in Multifamily Housing Revenue Bonds to finance the new construction of the 41-unit Colorado East multifamily housing project located at 2451 Colorado Boulevard. The project aims to enhance the local housing stock and provide new multifamily housing opportunities.
This bond issuance supports the development of new housing units, addressing the critical housing shortage in Los Angeles and promoting economic growth through new construction.