housing · September 24, 2026
L.A. unlocks $466 million for affordable homes
The city's biggest-ever funding pool for low-cost housing projects.
Los Angeles set aside $466.6 million for affordable housing on Tuesday. The money will flow to developers, nonprofits, and land trusts building new projects. It is the largest pool of funds the city has ever dedicated to this purpose.
Why it matters: More capital for builders could expand the supply of lower-cost units across the city.
Original reporting