City of Long Beach - Meeting of The Long Beach Community Investment Company on 2/20/2019 at 4:00 PM

19-003CI

Mon, 30 Oct 2023 20:47:25 GMT

File #: 19-003CI
Ver.: 1
Agenda #: 1.
Type: CI-Agenda Item
Title: Recommendation to receive and file the minutes of the Regular Board meeting held Wednesday, October 17, 2018.
Action: approve recommendation
Result: Pass

19-002CI

Mon, 30 Oct 2023 20:47:25 GMT

File #: 19-002CI
Ver.: 1
Agenda #: 2.
Type: CI-Agenda Item
Title: Recommendation to elect The Long Beach Community Investment Company (LBCIC) Chair and Vice Chair.
Action: approve recommendation
Result: Pass

19-002CI

Mon, 30 Oct 2023 20:47:26 GMT

File #: 19-002CI
Ver.: 1
Agenda #:
Type: CI-Agenda Item
Title: Recommendation to elect The Long Beach Community Investment Company (LBCIC) Chair and Vice Chair.
Action: approve recommendation
Result: Pass

19-004CI

Mon, 30 Oct 2023 20:47:25 GMT

File #: 19-004CI
Ver.: 1
Agenda #: 3.
Type: CI-Agenda Item
Title: Recommendation to receive and file the Housing Successor Annual Report Regarding the Low and Moderate Income Housing Asset Fund for Fiscal Year 2017-2018 and direct the President to post and distribute the report as required by Section 34176.1 of the California Health and Safety Code.
Action: approve recommendation
Result: Pass

19-005CI

Mon, 30 Oct 2023 20:47:25 GMT

File #: 19-005CI
Ver.: 1
Agenda #: 4.
Type: CI-Agenda Item
Title: Recommendation to 1. Approve the selection of Home Ownership for Personal Empowerment (HOPE) for an award of CHDO funds in the amount of $451,676; 2. Approve a loan in the amount of $150,000 in HOME CHDO funds to HOPE for the acquisition of the property located at 4734 Sunfield Avenue; 3. Approve a loan in the amount of $150,000 in HOME CHDO funds to HOPE for the acquisition of the property located at 6127 Keynote Street; 4. Approve a loan in the amount of $151,676 in HOME CHDO funds to HOPE for the acquisition of the property located at 6711 East 9th Street; 5. Authorize the President to negotiate Affordable Housing Loan Agreements with HOPE; and, 6. Authorize the President to execute any and all documents necessary to implement the Loan Agreements and the project.
Action: approve recommendation
Result: Pass

19-006CI

Mon, 30 Oct 2023 20:47:25 GMT

File #: 19-006CI
Ver.: 1
Agenda #: 5.
Type: CI-Agenda Item
Title: Recommendation to 1. Approve the selection of Century Affordable Development, Inc (Century) for an award of HOME funds in the amount of $1.1 million; and, 2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with Century for the acquisition and rehabilitation of 1117 Elm Avenue and 421 West 33rd Street.
Action: approve recommendation
Result: Pass

19-007CI

Mon, 30 Oct 2023 20:47:25 GMT

File #: 19-007CI
Ver.: 1
Agenda #: 6.
Type: CI-Agenda Item
Title: Recommendation to 1. Approve the selection of MRK Partners Inc (MRK) for an award of HOME funds in the amount of $750,000; and, 2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with MRK for the acquisition and rehabilitation of 3799 East Willow Street.
Action: approve recommendation
Result: Pass

19-008CI

Mon, 30 Oct 2023 20:47:25 GMT

File #: 19-008CI
Ver.: 1
Agenda #: 7.
Type: CI-Agenda Item
Title: Recommendation to 1. Approve the selection of Bride Housing Corporation (Bridge) for an award of HOME funds in the amount of $4 Million; and, 2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with Bridge for the new construction of affordable housing rental units.
Action: approve recommendation
Result: Pass