IDA LogoThe Industrial Development Authority - City of Los Angeles, Community Development Department

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Subordinate Loans Revolving Special Fund
  • Features
    • Bridge financing of the final gap
    • May be used for down payment, financing costs, pre-development, and other soft costs
    • More flexible term, rate and collateral than bonds
    • Requires loan and City oversight committee approvals
    • Must meet City's Living Wage Ordinance (LWO) requirements
  • Loan Size
    • $250,000 - $550,000
  • Target Borrowers
    • Available to IDA bond borrowers only
    • Federal Empowerment and State Enterprise Zone borrowers

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