https://longbeach.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=766934&GUID=0E9DC605-0884-4978-8596-80BB3FA2FCD5Legistar15https://longbeach.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=766934&GUID=0E9DC605-0884-4978-8596-80BB3FA2FCD50E9DC605-0884-4978-8596-80BB3FA2FCD5-2022-10-13-23-19-33Title: Recommendation to: 1) Approve a reallocation of $13,145,000 in construction financing and an increase in the permanent financing commitment to $10,143,000 for the Senior Artist Colony and the 39-unit affordable senior components of the proposed development at Long Beach Boulevard and Anaheim Street, with conditions; 2) Approve the following modifications to the Senior Artist Colony building: a. Increase number of units from 147 to 161; b. Change the affordability from 80% market-rate and 20% affordable to 100% affordable; and 3) Authorize the President or designee to execute any and all documents necessary to implement the affordability modification and the reallocation of funds.Thu, 13 Oct 2022 23:19:33 GMT