Long Beach, CA
File #: 16-021CI    Version: 1 Name: Immanuel HOME Loan
Type: CI-Agenda Item Status: Approved
File created: 8/11/2016 In control: The Long Beach Community Investment Company
On agenda: 8/17/2016 Final action: 8/17/2016
Title: Recommendation to 1) Approve additional funding in the amount of $904,000 to provide a total loan of $2,554,000 to Immanuel Community Housing, L.P., for the development of Immanuel Senior Housing located at 3215 E. Third Street; and, 2) Authorize the President to execute any and all documents necessary to implement an amendment to the existing Loan Agreement with Immanuel Community Housing, L.P.
Attachments: 1. Attachment A.pdf, 2. Attachment B.pdf, 3. Attachment C.pdf, 4. Attachment D.pdf, 5. Staff Report_Immanuel.pdf

TITLE

Recommendation to

 

1) Approve additional funding in the amount of $904,000 to provide a total loan of $2,554,000 to Immanuel Community Housing, L.P., for the development of Immanuel Senior Housing located at 3215 E. Third Street; and,

 

2) Authorize the President to execute any and all documents necessary to implement an amendment to the existing Loan Agreement with Immanuel Community Housing, L.P.

 

SUGGESTED ACTION

Approve recommendation.