CITY OF INDUSTRY FUNDS
The City of Industry Funds (Industry Funds) is another financing resource for the development of affordable housing. Industry Funds are tax increment set-aside funds administered by the Housing Authority of the County of Los Angeles (HACoLA).
What is the City of Industry Fund Program?
Industry Funds help fund affordable rental housing for Non-Special Needs and Special Needs populations, and affordable Homeownership developments. Since the program began, over $165 million in Industry Funds have leveraged over $1.1 billion from other funding sources to help create over 7,900 units of affordable housing throughout Los Angeles County.
Applications for Non-Special Needs and Special Needs rental housing and Homeownership housing are only accepted following the Housing Authority's issuance of a Notice of Funding Availability (NOFA). NOFAs are periodically released to invite proposals for the development of affordable and special needs housing. To receive notice when the next NOFA is available, please submit your contact information to Carmen.hernandez@lacdc.org or click “doing business with us” in our homepage to view open solicitations.
Industry funds may be used in any jurisdiction within a 15-mile radius of the City of Industry. To verify your proposed development is within the Industry Fund boundaries, please submit an e-mail to Carmen.hernandez@lacdc.org identifying the location of the development.
An Application to use Industry Funds for Non-Special Needs rental housing development must set aside a minimum of 20 percent of the units for households earning at or less than 50 percent of the Los Angeles County median income.
Applications for Special Needs housing must set aside 35 percent of the units to serve one of the following special needs populations earning at or less than 50% of the Los Angeles County median income:
A.
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Transitional & Permanent Housing for Persons with Mental Illness
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B.
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Transitional & Permanent Housing for Persons with Living with HIV/AIDS
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C.
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Transitional Housing for Victims of Domestic Violence
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D.
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Permanent Housing Persons with Development Disabilities
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E.
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Transitional & Permanent Housing for Transition Age Youth
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F.
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Permanent Housing for Families that are Homeless/At-risk of Homelessness
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G.
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Permanent Housing for Frequent users of services of the Department of Health Services and/or Department of Mental Health |
Each Special Needs Application must incorporate a component on how the specific Special Needs population will be served.
Industry Funds are also available for the development of affordable single-family and condominium (both attached and detached) housing. These funds are primarily available for site acquisition and permanent financing. A minimum of 20% of the project units or five units (whichever is greater) must be reserved for households earning less than 100% of the Area Median Income. Assistance can be provided for the reserved units only.
City of Industry Boundary map
Design Guidelines
- Homeowner Standards
- Rental Standards
Financing Underwriting Guidelines
Utility Allowances
2008 Industry Rent and Income Limits