The Los Angeles City Council approved the issuance of up to $8.72 million in Multifamily Housing Revenue Bonds for the new construction of the Broadway Apartments. This 35-unit development, sponsored by Broadway Avenue Apartments, GP LLC, will provide 34 affordable housing units and one manager unit. The project underwent a Tax Equity and Fiscal Responsibility Act (TEFRA) public hearing on June 7, 2024, as part of the bond issuance process.
This bond issuance supports the development of new affordable housing, contributing to increased housing options and community well-being in Council District 9 of Los Angeles.