TEFRA Hearing for Multiple Projects
SANKOFA PLACE AT CENTINELA, CENTURY + RESTORATIVE CARE VILLAGE PHASE II, AND ESPERANZA VILLAGE
APRIL 1, 2026
NOTICE IS HEREBY GIVEN that the Los
Angeles County Development Authority (LACDA) will hold a public hearing on April
1, 2026, as required and authorized by Section 147(f) of the Internal Revenue
Code of 1986, with respect to a proposed plan of financing providing for the
issuance of one or more series of multifamily housing mortgage revenue bonds or
notes from time to time, and at no time to exceed in outstanding principal
amount, including bonds or notes issued to refund such revenue bonds or notes
from time to time, for the purpose of providing financing to the following
projects:
| Project Name | Address | No. of Units | Sponsor | Partnership | Maximum Amount |
| Sankofa Place at Centinela | 400 Centinela Avenue, Inglewood, CA 90304
| 120 | Venice Community Housing Corp. & Linc Housing Corp. | Sankofa Place, LP | $65,000,000 |
| Century + Restorative Care Village Phase II | 1325 North Mission Road, Los Angeles, CA 90033
| 150 | Century Affordable Development Inc. | RCV 2 LP | $60,000,000 |
| Esperanza Village | 4024 Durfee Avenue, El Monte, CA 91732 | 202 | National Community Renaissance & Prima Development | NCRC – Prima Durfee LP | $80,000,000 |
The hearing will be conducted
pursuant to the provisions of California Assembly Bill 361 (AB 361) as set
forth under California Government Code Section 54953, which suspends certain
requirements of the Ralph M. Brown Act. The hearing will be conducted by
teleconference only, as authorized by the Internal Revenue Service under
Revenue Procedure 2021-39 and AB 361.
The hearing will commence at 10:00
a.m. at the following toll-free telephone number: (833) 850-5215, with conference
code 889 797 673#. All persons wishing
to express their views on the plan of financing, issuance of the bonds or notes
or the nature and location of the projects proposed to be financed will be
given an opportunity to do so by calling into the telephonic meeting or
providing written comments in advance.
Written comments may be submitted to Matthew Lust, Los Angeles County
Development Authority, 700 West Main Street, Alhambra, California 91801-3312 or
via email to mfbonds@lacda.org.
Questions concerning the hearing
and related matters may be directed to Matthew Lust, at the Los Angeles County
Development Authority, 700 West Main Street, Alhambra, California 91801-3312 or
by telephone at (626) 586-1809.
Personas que
desean obtener mas informacion o hacer un comentario pueden llamar a Gabriela
Ochoa-Martinez al telefono (626) 586 1840.
Published on: March 25, 2026