LA Council Watch

Budget and Finance Advisory Committee

1 files

26-0923 · 2026-06-23

City-Sponsored Employee Micro Loan Program / Low or No-Interest Micro Loan / Pilot Program

Councilmember Heather Hutt proposes a pilot program offering city employees low or no-interest microloans to address financial hardship.

Under review — the city is studying whether to offer affordable micro loans to low-wage and part-time employees who currently lack access to credit. Two committees are examining the idea's feasibility and regulatory requirements before any decision.