The Los Angeles City Council approved the issuance of Multifamily Housing Revenue Bonds, totaling up to $45,000,000, to finance the acquisition, construction, rehabilitation, and equipping of a 194-unit multifamily housing development named Victory Boulevard. Located at 17100 Victory Boulevard in Council District Six, the project includes 192 units designated as affordable housing and two manager units. This approval follows a Tax Equity and Fiscal Responsibility Act (TEFRA) public hearing held on July 1, 2025. The City acts as a conduit issuer, and the bond debt is payable solely from revenues provided by the sponsor, Victory Boulevard Housing Partners, LP, with no liability incurred by the City.