What is LACHIF II?
LACHIF II is a revolving loan fund of approximately $70 million administered by the Los Angeles County Development Authority (LACDA) in partnership with participating community lenders. Loans are made to finance acquisition and predevelopment costs for affordable housing developments in the County of Los Angeles. Both Non-Profit and For-Profit Borrowers are eligible for LACHIF II Loans.
Since the program’s inception in 2013, LACHIF II has lent approximately $70 million to affordable housing developers resulting in close to 2100 units of affordable housing developed or in the pipeline.
New and more favorable terms for the LACHIF II program launched Summer 2019. To initiate a new loan application please contact one of the lending partners noted on the drop-down menu below.