Preserving HUD-Assisted Affordable Housing in the City of Los Angeles Two major issues are threatening City’s supply of HUD assisted, rent-regulated affordable homes: 1. Expiring S8 contracts subject to opt outs:

Preserving HUD-Assisted Affordable Housing in the City of Los Angeles (continued) 2. Subsidized HUD Mortgages expiring over the next 5 years, primarily Section 221(d)(3)BMIR and Section 236. Those with for-profit notes and Flex Subisdy loans are eligible to prepay and trigger Enhanced Vouchers to protect tenants. Those without, mostly nonprofit owned, are not eligible for EVs

Preserving HUD-Assisted Affordable Housing in the City of Los Angeles (continued) Over the next five years, there are 401 units in the City of Los Angeles with expiring HUD Subsidized mortgages without Section 8 assistance:

Preserving HUD-Assisted Affordable Housing in the City of Los Angeles (continued)