Los Angeles County Development Authority Loan Program

Since 1999, HR&A has helped the LA County Development Authority refine and administer its annual affordable housing developer Notice of Funding Availability (“NOFA”) loan programs. HR&A has provided financing reviews, loan underwriting, and project coordination, and other advisory services that have contributed to over 100 affordable housing developments across the county, including nearly 1,000 new affordable homes since 2021. 

For the last two decades, we have served as LA County Development Authority’s (LACDA) technical partner in executing their NOFA loan programs — reviewing and scoring dozens of detailed competitive developer proposals, conducting due diligence reviews, assisting applicants and County staff to finalize deal structures, drafting complex loan documents, providing project financing review, conducting loan evaluations, assisting with loan underwriting, coordinating with counterparties, calculating back-end tax liability, analyzing proposed loan modifications and re-syndications, and training staff. In addition to this work, HR&A served as the Los Angeles County Department of Mental Health (DMH)’s primary consultant for the Mental Health Services Act (MHSA) Housing Program from 2007 – 2019 to deploy the County’s $116 million share of the MHSA Housing program, which provides capital and operating subsidy loans for service-enriched, permanent supportive housing for homeless Angelenos.  

Through HR&A’s work for the LACDA, more than 100 projects have received funding from its programs, which has been critical to securing federal low-income tax credits needed for total project financing. The County programs HR&A has helped support offer new permanent supportive affordable housing, targeted to a range of populations — including seniors, families, and transitional-age youth. 

Explore 

Learn more about the NOFA loan program on LACDA’s website 

Press 

New Boyle Heights affordable housing La Veranda provides a permanent home — Calonews