Brief

Councilmember Nithya Raman moved approval for an affordable multifamily rental housing project at 12021-12027 Hoffman Street in Council District 4, utilizing Tax Equity and Fiscal Responsibility Act (TEFRA) financing mechanisms. The Council voted 15-0 on May 19, 2026 to adopt the motion. The file was transmitted to the Mayor on May 20 for final executive action, with a deadline of June 1, 2026.

Full summary

On May 13, 2026, Councilmember Nithya Raman introduced a motion to approve affordable multifamily rental housing development at 12021-12027 Hoffman Street in Council District 4. The project utilizes TEFRA financing, a federal mechanism that allows tax-exempt bonds to fund affordable housing while providing investors with specific tax benefits. This approach helps reduce project costs and increases feasibility for affordable units. The motion was seconded by Councilmember Bob Blumenfield and scheduled for full Council consideration on May 15. On May 19, 2026, the Council voted unanimously 15-0 to adopt the item. The vote was recorded as subject to reconsideration under Council Rule 51, preserving a narrow procedural window for any member to reopen debate, though no such action has been taken. The City Clerk transmitted the adopted motion to the Mayor on May 20, 2026. Under Los Angeles Charter rules, the Mayor has until June 1, 2026 to sign, veto, or allow the item to become law without signature. The file remains open and active pending mayoral action.

Activity (4)

• 2026-05-20 City Clerk transmitted file to Mayor. Last day for Mayor to act is June 1, 2026.
• 2026-05-19 Council adopted item, subject to reconsideration, pursuant to Council Rule 51.
• 2026-05-15 City Clerk scheduled item for Council on May 19, 2026.
• 2026-05-13 Motion referred to Council.

Documents (1)

• 2026-05-13 Motion · motion