Los Angeles, January 10, 2026
Los Angeles is set to issue its final bonds under Proposition HHH, a $1.2 billion initiative aimed at combating homelessness by funding affordable housing. The upcoming bond issuance of $86 million will finance 31 housing projects, resulting in 1,754 permanent supportive housing units. Scheduled for sale in January 2026, this funding represents a crucial step in the city’s ongoing efforts to tackle homelessness, alongside measures like the implementation of Measure ULA.
Los Angeles to Issue Final Proposition HHH Bonds to Combat Homelessness
Los Angeles is making strides in its ongoing efforts to address homelessness through the final issuance of bonds under Proposition HHH, a $1.2 billion initiative approved by voters in 2016 aimed at funding affordable housing. This final issuance, amounting to $86 million, is set to finance 31 housing projects, yielding 1,754 permanent supportive housing units. With the bond sale scheduled for January 2026, Los Angeles is poised to allocate the proceeds to these crucial projects in the months ahead.
Details of the Final Bond Issuance
The City of Los Angeles has approved the issuance and sale of General Obligation Bonds, Series 2026-A (Taxable) (Social Bonds), totaling $86,015,000. These funds are earmarked for Proposition HHH projects focused on developing permanent supportive housing units for individuals experiencing homelessness. The anticipated bond sale in January 2026 will channel the proceeds into the designated projects shortly thereafter.
Background on Proposition HHH
Proposition HHH, which received widespread voter support in November 2016, authorizes Los Angeles to issue up to $1.2 billion in general obligation bonds. Its central goal is to finance supportive housing for extremely low-income or very low-income individuals and families who are either homeless or at risk of becoming homeless. The initiative emphasizes the importance of building facilities that not only provide shelter but also essential services such as mental health treatment, healthcare, education, and job training. As of December 2025, the city has successfully closed approximately $750 million in HHH-funded loans to further aid homeless individuals and families.
Challenges and Progress
Despite the progress made under Proposition HHH, the initiative has encountered its share of challenges, notably in the form of rising construction costs and project delays. An audit revealed that the cost per housing unit has escalated over time, with some units now nearing $837,000. Nevertheless, the city remains on track to honor its commitment to providing affordable housing solutions for its homeless population.
Future Outlook
The forthcoming bond issuance marks the concluding phase of financing under Proposition HHH. In addition to this, the city is actively pursuing various initiatives to combat homelessness, such as implementing Measure ULA, which introduces a new transfer tax on high-value property sales. Consideration is also underway to extend Measure H, a quarter-cent sales tax aimed at generating additional funding for homelessness services. These multifaceted efforts reflect the city’s dedication to addressing homelessness while fostering a collaborative environment for public and private sector innovation.
Frequently Asked Questions (FAQ)
What is Proposition HHH?
Proposition HHH is a $1.2 billion initiative approved by Los Angeles voters in 2016 to fund the development of affordable housing for the homeless and those at risk of homelessness. It authorizes the city to issue general obligation bonds to finance supportive housing projects and related facilities.
How much is the final bond issuance under Proposition HHH?
The final bond issuance under Proposition HHH is $86 million, designated for the development of permanent supportive housing units for individuals experiencing homelessness.
When is the bond sale scheduled?
The bond sale is scheduled for January 2026, with proceeds expected to be allocated to the identified housing projects in the following months.
What challenges has Proposition HHH faced?
Proposition HHH has faced challenges such as rising construction costs and project delays. An audit revealed that the average cost per housing unit has increased over time, with some units costing as much as $837,000.
What other initiatives is Los Angeles implementing to address homelessness?
In addition to Proposition HHH, Los Angeles is implementing Measure ULA, a new transfer tax on high-value property sales, and considering the extension of Measure H, a quarter-cent sales tax dedicated to homelessness services, to generate additional resources for combating homelessness and supporting affordable housing development.
Key Features of the Final Proposition HHH Bond Issuance
| Feature | Details |
|---|---|
| Bond Amount | $86 million |
| Purpose | Finance 31 housing projects providing 1,754 permanent supportive housing units |
| Scheduled Sale Date | January 2026 |
| Proceeds Allocation | Funds allocated to identified housing projects in the following months |
| Challenges | Rising construction costs and project delays; average cost per unit increased to $837,000 |
| Additional Initiatives | Implementation of Measure ULA and consideration of extending Measure H to generate additional resources for homelessness services |
Deeper Dive: News & Info About This Topic
HERE Resources
Governor Newsom Highlights Key Achievements in Final Address
Governor Newsom’s Executive Order Supports Firestorm Survivors
LA Fire Chief Introduces Innovative Fire Response Initiatives
Downtown LA Law Group Under Investigation Amid Settlement Controversy
East Los Angeles Shooting Near 5 Freeway Leaves One Dead and Three Injured
Mayor Karen Bass Launches Reelection Campaign in Los Angeles
Nick Reiner Charged with Parents’ Murders in Los Angeles
Rob Reiner and Wife Found Dead in Los Angeles Home
Two Mexican Nationals Indicted in Real Estate Fraud Scheme
FBI Investigates Multi-Million Dollar Fraud Against Chase Bank
Author: STAFF HERE LOS ANGELES WRITER
The LOS ANGELES STAFF WRITER represents the experienced team at HERELosAngeles.com, your go-to source for actionable local news and information in Los Angeles, Los Angeles County, and beyond, specializing in "news you can use" with coverage of product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise from years of dedicated reporting and strong community input, including local press releases and business updates, while delivering top reporting on high-value events like the Academy Awards, LA Auto Show, and Los Angeles Marathon, extending coverage to key organizations such as the Los Angeles Area Chamber of Commerce and the Los Angeles Tourism & Convention Board, plus leading businesses in entertainment and technology like Warner Bros. and SpaceX, and as part of the broader HERE network including HEREAnaheim.com , HERECostaMesa.com , HEREHuntingtonBeach.com , and HERESantaAna.com , providing comprehensive, credible insights into Southern California's dynamic landscape. HERE Anaheim HERE Beverly Hills HERE Coronado HERE Costa Mesa HERE Hollywood HERE Huntington Beach HERE Long Beach HERE Los Angeles HERE Mission Viejo HERE San Diego HERE Santa Ana
