Motion seeks City Council sign-off on $20 million bond for 61-unit South LA rental housing
The bonds would fund the purchase and rehabilitation of George McDonald Court on East 92nd Street, with no city money pledged.
A state financing authority would issue up to $20,000,000 in bonds to buy and rehabilitate a 61-unit rental housing project at 1800 East 92nd Street, with no City funds pledged and no City liability for repayment. Councilmember Tim McOsker moved for the Council to adopt the approving resolution after a September 21, 2026 public hearing.
What happens next
City Council consideration of the hearing results and adoption of the resolution
How the Council voted on this file
Yes No Absent
- 14–0–1
Motion seeks City Council sign-off on $20 million bond for 61-unit South LA rental housing
Council File 26-1385Item 16 · Oct 7 meeting
Named in this record
Tim McOsker23- California Municipal Finance Authority 6
- George McDonald Court LP
- HumanGood Affordable Housing
- Los Angeles City Council 249
- 1800 East 92nd Street
Tim Mcosker
Photo: Nandaro, CC BY-SA 4.0, via Wikimedia Commons
