Shelter Partnership

LA County Housing Innovation Fund

The Los Angeles County Housing Innovation Fund (LACHIF) provides low-cost predevelopment and acquisition financing to support the creation and preservation of affordable housing, including supportive housing projects. By increasing capital access for developers, LACHIF will increase the number of quality, affordable housing opportunities for individuals and families most in need. 

LACHIF leverages $20 million in funds from the Community Development Commission of the County of Los Angeles with an additional $40 million in private capital to create a $60 million revolving loan fund that can be accessed by nonprofit and for-profit developers, as well as public agencies, for projects throughout the county.

The LACHIF can be used to finance acquisition and predevelopment activities associated with affordable rental housing development in Los Angeles County. Those eligible to apply for LACHIF loans, include:

• Nonprofit Developers
• For-Profit Developers
• Cities in Los Angeles County
• Redevelopment Agencies in Los Angeles County
• Joint ventures of the above entities
• Limited Partnerships or Limited Liability Companies if the sponsor is one of the above entities

• Maximum loan amount is $5,000,000, which may include up to $750,000 for predevelopment activities.
• The maximum LACHIF loan term is three years, including any extensions.
• For the remainder of calendar year 2010, LACHIF interest rates will be 6.4% or 7.0%, depending upon the level of affordability of the project.

Interested applicants can contact CSH at (213) 623-4342. 

CSH has a variety of financial products designed to meet the needs of the nonprofit development community. A complete listing of CSH financial products can be viewed here. 

About the Corporation for Supportive Housing

Los Angeles Program 

CSH is a national nonprofit community development financial institution with offices located throughout the United States.  Building on a commitment to invest in the communities it serves, CSH provides the advocacy, expertise, leadership, and financial resources to make it easier for local communities to create and operate supportive housing, which is permanent housing linked to services that prevent and end the cycle of chronic homelessness.  In 2003, CSH opened its offices in Los Angeles.  Since then, CSH has distributed over $22 million in funding to stimulate the development of over 2,000 units of housing throughout Los Angeles County.  Learn more about how we fight homelessness at www.csh.org