City of Long Beach - File #: 21-011CIhttps://longbeach.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4915279&GUID=124D3C77-2BDD-4881-81C1-A301F0F51D56Legistar15City of Long Beach - File #: 21-011CIhttps://longbeach.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4915279&GUID=124D3C77-2BDD-4881-81C1-A301F0F51D56124D3C77-2BDD-4881-81C1-A301F0F51D56-2021-05-12-18-21-37Title: Recommendation to: 1. Approve a HOME loan in the amount of $3 Million to Mercy Housing California for the development of senior affordable rental housing units located at 901-945 East Pacific Coast Highway; and, 2. Authorize the President to negotiate an Affordable Housing Loan Agreement with Mercy Housing California; and, 3. Authorize the President, or designee, to execute any and all documents necessary to implement the Loan Agreement and the project.Wed, 12 May 2021 18:21:37 GMT