Los Angeles County will add 1,530 affordable housing units after the county's housing agency committed $220 million to 20 projects across Los Angeles County.

The Los Angeles County Affordable Housing Solutions Agency (LACAHSA) announced the funding as its first large-scale Social Bond program. The money comes from Measure A, the half-cent sales tax LA County voters approved in 2024 to fund affordable housing and homelessness services. Measure A replaced the earlier quarter-cent tax and is expected to generate more than $1 billion a year.

The demand for dollars dwarfed the supply. LACAHSA received applications totaling roughly $1.5 billion for the $220 million pot, The Real Deal reported.

"Developers have projects, just not the capital to build," Claudia Lima, LACAHSA's chief strategic investments officer, told The Real Deal.

Of the 20 approved projects, 14 are ground-up construction expected to finish within two to three years. The remaining six involve acquiring and renovating existing multifamily rental buildings. Developers are receiving construction loans, grants and subordinate debt ranging from $1 million to $32 million per project.

The units will primarily serve low-income families, seniors and people experiencing homelessness, housing more than 4,000 residents once complete. Lima said the majority target extremely low-income and very low-income households, where the housing shortfall is steepest.

Named recipients include Path Ventures for 40 units in Los Angeles, Linc Housing for 120 units in Inglewood and 109 in Long Beach, Mercy Housing for 74 units in Claremont, the Cesar Chavez Foundation for 75 units in Downey and West Hollywood Community Housing Corporation for 64 units in Los Angeles.

The $220 million round follows an earlier commitment. In April 2026, LACAHSA approved $102 million in financing for 10 income-restricted projects totaling 566 units. Combined, the two rounds have directed $322 million toward 2,096 units.

Fitch Ratings gave the Social Bond an "AA" rating, which indicates very high credit quality. LACAHSA was created after the California Legislature passed Senate Bill 679 in 2022 to boost affordable housing production across LA County.

The first project to break ground will be Sankofa Place at Centinela, a 121-unit development at 400 Centinela Ave. in Inglewood, according to Multi-Housing News. Developed by Venice Community Housing and the Social Justice Learning Institute, the project will serve residents earning between 30% and 80% of the area median income. The site will include a mix of studio, one-, two- and three-bedroom units across two buildings, plus a new 20,000-square-foot headquarters for the Social Justice Learning Institute. Construction is set to begin in late October 2026.