- A company operates within the state of Baja California.
- A company is establishing a presence through community development in Baja California, informational dinners in San Diego, and operations in Southern California.
Los Angeles County Issues $220M Social Bond for Affordable Housing in Southern California
What happened
The Los Angeles County Affordable Housing Solutions Agency completed an inaugural $220 million social bond sale to finance low-income residential projects across Southern California. The bond is rated 'AA' by Fitch and will fund more than 20 developments, creating 1,530 affordable housing units for over 4,000 residents. Target sites for the funding include Inglewood, Long Beach, San Diego, and the San Gabriel Valley.
From westsidetoday.com
Why it matters
The bond sale provides fresh capital to regional residential construction, assisting shovel-ready projects that are struggling with financing deficits caused by construction cost inflation and interest rate spikes. The agency receives long-term funding through Measure A, a voter-approved half-cent sales tax expected to yield over $1 billion annually.
From westsidetoday.com
Who's involved
- Los Angeles CountyThe Los Angeles County Affordable Housing Solutions Agency (LACAHSA) completed the bond sale to fund housing projects.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Southern CaliforniaSpeculative
Southern California might experience stimulated regional development due to the influx of capital.
How this reaches others
Each traced step by step, with the reporting behind itKeep exploring
The entities involved
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Inglewood
city in southwestern Los Angeles County, California, United States
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Long Beach
city in Los Angeles County, California, United States
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San Diego
seat of San Diego County, California, United States; second-largest city in California