Motion seeks City Council sign-off on $130 million in bonds for Flats on Sunset
The 237-unit affordable housing project at 1150 Sunset Boulevard needs city approval of bonds issued by a state authority.
A planned 237-unit rental building at 1150 Sunset Boulevard, with 235 affordable units and two manager units, would be financed with up to $130,000,000 in bonds. A council motion asks the City Council to approve the issuance by the California Municipal Finance Authority. No city funds are pledged.
What happens next
City Council to consider the TEFRA hearing results and adopt the resolution
How the Council voted on this file
Yes No Absent
- 15–0
Motion seeks City Council sign-off on $130 million in bonds for Flats on Sunset
Council File 26-1501Item 22 · Oct 27 meetingAdopted
Named in this record
- Flats on Sunset LP
- California Municipal Finance Authority 6
- Los Angeles City Council 249
- 1150 Sunset Boulevard
- California Debt Limit Allocation Committee 2
Machine flag: this draft did not pass every automatic check (summary sentences). The document is authoritative.
1150 Sunset Boulevard
Photo: Prayitno / Thank you for (12 millions +) view from Los Angeles, USA, CC BY 2.0, via Wikimedia Commons
