Motion seeks City Council sign-off on $21 million bond for New Carver Apartments
The bonds would pay to buy and rehabilitate a 97-unit affordable housing building on South Hope Street, with no city funds pledged.
A 97-unit affordable housing development, the New Carver Apartments at 1624 South Hope Street, would be acquired, rehabilitated and equipped using up to $21,000,000 in bonds issued by the California Municipal Finance Authority. Councilmember Ysabel Jurado asks the City Council to approve the issuance as federal law requires; the city would pledge no funds and bear no repayment liability.
What happens next
City Council to consider the April 9, 2026 public hearing results and adopt the bond resolution.
How the Council voted on this file
Yes No Absent
- 10–0–5
Motion seeks City Council sign-off on $21 million bond for New Carver Apartments
Council File 26-1456Item 1SP · Oct 16 meeting
Named in this record
Ysabel Jurado14- California Municipal Finance Authority 6
- 1624 S Hope LP
- Hope for an Affordable LA
- New Carver Apartments
- Anthony Stubbs 2
- Los Angeles City Council 249
Ysabel Jurado
Photo: Brion VIBBER, CC BY-SA 3.0, via Wikimedia Commons
