The total Fiscal Year (FY) 2022-2023 budget was over $982 million, an increase of $112.8 million from the FY 2021-2022 budget. The increase was primarily attributed to the increased funding for the Housing Choice Voucher, No Place Like Home, and new American Rescue Plan funding. The increase was offset by decreases from the Federal and State COVID-19 Emergency Solutions Grants and Community Development Block Grant funds as authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

The LACDA was also a recipient of additional Federal and State funding: $5.7 million from the U.S. Department of Housing and Urban Development (HUD) for the expansion of the current Lead Free Homes LA, to mitigate lead-based paint hazards is in targeted communities, and $30 million from the California Department of Social Services to establish, continue, and expand housing and homelessness assistance through the Bringing Families Home Program, in conjunction with the County’s Department of Children and Family Services.

The LACDA’s budget was predominantly Federally-funded for Housing and Community Development programs, 63% of which is provided by HUD. Local revenue sources included Public Housing dwelling rental and County General funds. Other sources of funds came from the Treasury Department, U.S. Department of Commerce, the Federal Aviation Administration, and the Los Angeles World Airport.