Deploying market-driven strategies that leverage new public funds with private investment and philanthropy could unlock $2.5 billion over a decade to accelerate the production and preservation of affordable housing in Los Angeles County, according to a study commissioned by the Los Angeles Business Council Institute.

Conducted by researchers at the Terner Center for Housing Innovation at UC Berkeley and Forsyth Street Advisors, the study offers a roadmap for the Los Angeles County Affordable Housing Solutions Agency (LACAHSA) to attract new sources of private capital to maximize the impact of significant sales tax dollars generated each year by Measure A for affordable housing.

“The combination of a new permanent public funding source and an agency charged with a central role in allocating and administering those funds will reshape affordable housing finance in one of the nation’s largest and neediest housing markets,” said the study, Scaling LACAHSA: Proven Models for Maximizing Affordable Housing Production and Preservation. “Successful efforts elsewhere show how creating pathways for programmatic investment from private and philanthropic sectors, coordinated with public resources, can be transformative.”

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