Long Beach, CA
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File #: 20-017CI    Version: 1 Name: Award of HOME Funds and Authorization to Execute and Agreement to Negotiate Exclusively with Excelerate Housing Group for the New Construction of Affordable Rental Housing Units (CD4)
Type: CI-Agenda Item Status: Approved
File created: 5/12/2020 In control: The Long Beach Community Investment Company
On agenda: 5/20/2020 Final action: 5/20/2020
Title: Recommendation to: 1. Approve the selection of Excelerate Housing Group for an award of HOME funds in the amount of $3,000,000; and, 2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with Excelerate Housing Group for the new construction of affordable rental housing units.
Attachments: 1. HOME NOFA.pdf, 2. Attachment A - 2020_HOME NOFA New Construction - Permanent Supportive Housing .pdf, 3. Attachment B - Excelerate Map.pdf

TITLE

Recommendation to:

1.                     Approve the selection of Excelerate Housing Group for an award of HOME funds in the amount of $3,000,000; and,

 

2.                     Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with Excelerate Housing Group for the new construction of affordable rental housing units.

 

SUGGESTED ACTION

Approve recommendation.