The Los Angeles City Council authorized the issuance of up to $2.29 million in supplemental tax-exempt multifamily conduit revenue bonds for the Southside Senior Housing project. This supportive housing development, located at 1623 West Manchester Avenue, aims to provide specialized senior housing solutions. The City acts as a conduit issuer and has no financial liability for bond repayment.
This bond issuance supports the expansion of supportive senior housing, addressing critical housing needs in Los Angeles for a vulnerable population.