City of Long Beach - Meeting of The Long Beach Community Investment Company on 9/20/2017 at 4:00 PM

17-031CI

Mon, 30 Oct 2023 20:47:22 GMT

File #: 17-031CI
Ver.: 1
Agenda #: 1.
Type: CI-Agenda Item
Title: Recommendation to receive and file the minutes of the Regular Board Meeting held Wednesday, July 19, 2017.
Action: approve recommendation
Result: Pass

17-032CI

Mon, 30 Oct 2023 20:47:22 GMT

File #: 17-032CI
Ver.: 1
Agenda #: 2.
Type: CI-Agenda Item
Title: Recommendation to 1. Authorize the President or designee to negotiate and enter into a Disposition and Development Agreement for the conveyance of the properties at 1836-1852 Locust Avenue to Clifford Beers Housing, Inc.; 2. Approve a loan in the amount of $2,825,000 to Clifford Beers Housing, Inc. to provide gap financing for the development of the properties at 1836-1852 Locust Avenue; and 3. Authorize the President or designee to execute any and all documents necessary to implement the Disposition and Development and Loan Agreements.
Action: approve recommendation
Result: Pass

17-033CI

Mon, 30 Oct 2023 20:47:22 GMT

File #: 17-033CI
Ver.: 1
Agenda #: 3.
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 $950,000; and 2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with HOPE for the acquisition and rehabilitation of housing for special needs individuals.
Action: approve recommendation
Result: Pass