Within this framework, LACAHSA has an opportunity to design a homeownership program that addresses both production-side and buyer-side barriers, combining multiple tools into a long-term, flexible capital deployment platform. The Agency anticipates making an initial allocation of $15 million to launch the proposed homeownership program, followed by approximately $10 million annually, subject to LACAHSA Board of Directors (“Board”) approval, annual budget adoption, revenue availability, and any applicable programmatic requirements. Assuming a program rollout in the fourth quarter of 2026, approximately $25 million would be available at launch, reflecting the initial allocation together with the first year of annual funding. This initial budget would provide the capitalization necessary to establish the Program, fund early awards, and develop administrative infrastructure. The anticipated annual allocation would allow the Agency to continue assisting households on an ongoing basis, refine program terms based on early implementation experience, and potentially recycle recaptured Measure A funds into future assistance.

LACAHSA extends its sincere appreciation to all stakeholders who submitted questions and comments regarding the Homeownership Program. The feedback received will help inform the design and development of the program.