Brief

The Mayor and Los Angeles Housing Department (LAHD) brought a contract with Genesis LA Economic Growth Corporation to facilitate affordable housing development through the NOAH (Neighborhood Opportunity and Affordability) program. The Housing Committee approved the contract as amended on September 8, 2026, moving it forward. The agreement supports the city's efforts to expand affordable housing stock in targeted neighborhoods.

Full summary

This Council File authorizes a contract between the City of Los Angeles and Genesis LA Economic Growth Corporation to administer the Small Naturally Occurring Affordable Housing (NOAH) Program, which provides financing for nonprofits and Community Land Trusts to acquire small, non-deed-restricted rental properties — including properties covered by the Rent Stabilization Ordinance — and preserve them as long-term affordable housing. The program targets buildings that are currently affordable by market circumstance rather than by subsidy, a category of housing at high risk of rent increases or conversion once sold. The Mayor's office initiated the matter on August 24, 2026. Under the proposed contract, Genesis LA would provide marketing, pre-qualification, underwriting, lending services, technical assistance, and project capital for the Small NOAH Program. The contract value is capped at $102,270,320 over an initial five-year term, with an option to extend for one additional five-year term. Funding comes entirely from the House LA Fund (Fund No. 66M), with an initial transfer of $14,624,757 from an existing account to a newly created Small NOAH Program appropriation account. There is no General Fund impact. The Housing Department is also directed to work with Genesis LA to develop a Project Sponsor Outreach and Marketing Plan and Guidelines for Tenant Engagement and Leadership, with a report back to Council on both. The City Administrative Officer issued its analysis on July 31, 2026. After referral to the Housing Committee and a rereferral on August 28, 2026 pursuant to Council File No. 26-2000, the committee scheduled and heard the item on September 8, 2026. Councilmembers Padilla, Jurado, and Park all voted yes, approving the recommendations as amended by Council District Six. The nature of those amendments is not detailed in the committee report. The file is now awaiting full City Council action and carries a hard deadline of October 23, 2026. Given the unanimous committee vote and the absence of any community impact statements in opposition, Council adoption appears likely.

Activity (5)

• 2026-09-08 Housing Committee approved as amended .
• 2026-08-31 Housing Committee scheduled item for committee meeting on September 8, 2026.
• 2026-08-28 City Clerk rereferred item to Housing Committee, pursuant to Council File No. 26-2000.
• 2026-08-25 City Administrative Officer document(s) referred to Housing and Homelessness Committee.
• 2026-08-24 Document submitted by the Mayor, City Administrative Officer report dated July 31, 2026.

Documents (4)

• 2026-09-08 Communication from Council District 6 - Amendment · other
• 2026-09-08 Report from Housing Committee · report
• 2026-09-08 Communication from Housing Department - Presentation · other
• 2026-07-31 Report from City Administrative Officer · report