City of Long Beach - Meeting of The Long Beach Community Investment Company on 8/21/2019 at 4:00 PM

19-032CI

Mon, 30 Oct 2023 20:47:27 GMT

File #: 19-032CI
Ver.: 2
Agenda #: 1.
Type: CI-Agenda Item
Title: Recommendation to receive and file the minutes of the Regular Board meeting held on Wednesday, June 19, 2019.
Action: approve recommendation
Result: Pass

19-030CI

Mon, 30 Oct 2023 20:47:27 GMT

File #: 19-030CI
Ver.: 1
Agenda #: 2.
Type: CI-Agenda Item
Title: Recommendation to: 1. Approve a HOME loan in the amount of $1.1 million to Century Affordable Development Inc. for the acquisition, rehabilitation, and preservation of 1117 Elm Avenue and 421 West 33rd Street; 2. Authorize the President to negotiate an Affordable Housing Loan Agreement with Century Affordable Development Inc.; and, 3. Authorize the President or designee to execute any and all documents necessary to implement the Loan Agreement and the project.
Action: approve recommendation
Result: Pass

19-031CI

Mon, 30 Oct 2023 20:47:27 GMT

File #: 19-031CI
Ver.: 1
Agenda #: 3.
Type: CI-Agenda Item
Title: Recommendation to: 1. Approve a HOME loan in the amount of $1.18 million to Home Ownership for Personal Development (HOPE) for the acquisition and rehabilitation of 4713 Clark Avenue; 2. Authorize the President to negotiate an Affordable Housing Loan Agreement with Home Ownership for Personal Empowerment; and, 3. Authorize the President or designee to execute any and all documents necessary to implement the Loan Agreement and the project.
Action: approve recommendation
Result: Pass