Housing Authority of the City of Los Angeles at Los Angeles City Housing Authority

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This document is a resolution from October 22, 2020, authorizing Los Angeles LOMOD South, Inc. to accept the transfer of ownership of various properties (dubbed "Transferred Properties") from the Housing Authority of the City of Los Angeles (HACLA). The transfer aims to consolidate asset management ownership for greater efficiency and reduced liability. The properties include those with existing debts, such as the Chase Properties ($12,917,347 loan outstanding until January 2037) and the Reflection Properties ($4,229,134 loans outstanding until March 2025), and also those with HAP contracts which will be transferred. The transfer process is expected to commence immediately and conclude by June 2021.

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The Housing Authority of the City of Los Angeles (HACLA) is authorizing a new five-year contract with Yardi, Inc., effective January 1, 2026, for enterprise software services, including Yardi Voyager licensing, hosting, and support, with a total not-to-exceed amount of $13,080,000. This contract leverages a GSA cooperative purchasing agreement and replaces previous agreements to continue supporting HACLA's property management and housing operations, expanding functionalities for Asset Management, Housing Services, and Section 8 programs.

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This document outlines a Service Payback Loan of 19,527,031.38 from the City of Los Angeles to Lafayette Community Corporation (LCC) for the acquisition of the property at 349 S. La Fayette Park Place. The purpose of the loan is to facilitate the acquisition of a 120-unit apartment building, with 90 units designated as affordable housing for 80% Area Median Income (AMI) households for a period of twenty years. The loan bears a zero percent interest rate, and repayment is primarily through "Service Payback" by providing affordable housing, with a cash repayment option if an Event of Default occurs. The agreement includes detailed terms and conditions regarding loan terms, project development, operation, employment requirements, environmental compliance, and default remedies, as well as specific affordability and accessibility covenants for the property.

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This document outlines a resolution to extend the Memorandum of Understanding (MOU) between the Housing Authority of the City of Los Angeles (HACLA) and the Council of Housing Professionals - Management (CHP-M) for one year, from January 1, 2026, to December 31, 2026. The extension includes a 0.5% Cost of Living Adjustment (COLA) effective January 1, 2026, and a one-time, off-schedule longevity bonus of $3,000 or $5,000 per eligible employee, payable by May 8, 2026. The resolution also specifies conditions for potential future COLA and bonus adjustments and negotiation reopening.