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Los Angeles Council Committee OKs Reprogramming of $4.2M in TFAR Funds for Housing and Community Programs

  • When: 2025/11/12
  • Address: Citywide, Los Angeles, CA
  • City: Los Angeles
  • State: CA
  • Category: Economic Development Incentives
  • Subcategory: Housing Program
  • Asset Class: Multifamily
  • Property Type: Affordable Housing
  • Size (Dollars): $4,236,395.16

On October 28, 2025, the Planning and Land Use Management (PLUM) Committee recommended the approval of a major reprogramming of the Transfer of Floor Area Rights (TFAR) Public Benefit Payment Trust Fund. The action involves reverting and reallocating a total of $4,236,395.16 from six previously funded projects. Key changes include transferring $1 million from the 'Casa de Rosas Affordable Housing' project to a 'First Time Homebuyers Down Payment Assistance Program' and another $1 million from the '6th Street PARC' project to the 'Plaza del Sol Crosswalk' project. Other significant reallocations include redirecting over $1.7 million to a Community Grants Program and other funds to emergency rental assistance, street lighting, and mental health services. This matter was forwarded to the full City Council for final approval.

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