The Los Angeles City Council authorized the Los Angeles Housing Department (LAHD) to negotiate and execute documents to extend the loan term for the El Dorado Family Apartments. The HOME loan (BA0517) will now mature on November 13, 2061, aligning it with the property's affordability restrictions expiration date. This action, recommended by the Housing and Homelessness Committee on January 24, 2024, also allows for the subordination of all city loans associated with the property to preserve its status as an affordable housing project.