The Homeownership Program is designed to address barriers on both sides of the homeownership market: helping produce more homes that families can afford and helping buyers purchase them. By combining multiple tools, the Program is intended to serve as a long-term, flexible way to deploy capital toward homeownership across Los Angeles County.

 

LACAHSA anticipates an initial allocation of $15 million to launch the Program, followed by approximately $10 million annually. With a launch in the fourth quarter of 2026, approximately $25 million would be available at the start, reflecting the initial allocation plus the first year of annual funding. This funding will establish the Program, support early awards, and build the administrative infrastructure needed to run it. Ongoing annual funding will allow LACAHSA to keep assisting households, refine program terms based on early experience, and potentially recycle recaptured Measure A funds into future assistance. All funding is subject to approval by the LACAHSA Board of Directors, annual budget adoption, revenue availability, and applicable program requirements.

 

LACAHSA sincerely appreciates all stakeholders who submitted questions and comments on the Homeownership Program. Your feedback has helped shape the design and development of the Program.