Long Beach, CA
File #: 19-026CI    Version: 1 Name: HOME NOFA - Bridge Housing
Type: CI-Agenda Item Status: Approved
File created: 6/12/2019 In control: The Long Beach Community Investment Company
On agenda: 6/19/2019 Final action: 6/19/2019
Title: Recommendation to: 1. Approve a HOME loan in the amount of up to $4,000,000 to BRIDGE Housing Corporation for the development of the properties located at 1205-1209 Walnut/1500 E. Anaheim Street; 2. Authorize the President to negotiate an Affordable Housing Loan Agreement with BRIDGE Housing Corporation; and, 3. Authorize the President or designee to execute any and all documents necessary to implement the Loan Agreement and the project.
Attachments: 1. Staff Report - BRIDGE.pdf, 2. Attachment A - Site Map.pdf, 3. Attachment B - February 20, 2019 Staff Report.pdf, 4. Attachment C - Project Rendering.pdf, 5. Attachment D - KMA Analysis.pdf

TITLE

Recommendation to:

 

1.                     Approve a HOME loan in the amount of up to $4,000,000 to BRIDGE Housing Corporation for the development of the properties located at 1205-1209 Walnut/1500 E. Anaheim Street;

 

2.                     Authorize the President to negotiate an Affordable Housing Loan Agreement with BRIDGE Housing Corporation; and,

 

3.                     Authorize the President or designee to execute any and all documents necessary to implement the Loan Agreement and the project.

 

 

SUGGESTED ACTION

Approve recommendation.