Long Beach, CA
File #: 23-017CI    Version: 1 Name: Mercy Housing Funding
Type: CI-Agenda Item Status: Approved
File created: 5/11/2023 In control: The Long Beach Community Investment Company
On agenda: 5/17/2023 Final action: 5/17/2023
Title: Recommendation to: 1. Approve the selection of Mercy Housing California for an award of up to $5 Million in Low- and Moderate-Income Housing Asset Fund (LMIHAF) and/or Permanent Local Housing Allocation (PLHA) funds; and 2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with Mercy Housing California for the development of new affordable rental housing units.
Attachments: 1. 2023_05_17 - Mercy Housing Funding - FINAL.pdf, 2. Attachment A - NOFA.pdf, 3. Attachment B - Site Map.pdf, 4. 2023_05_17 - Mercy Housing Funding PPT - FINAL.pdf

TITLE

Recommendation to:

 

1.                     Approve the selection of Mercy Housing California for an award of up to $5 Million in Low- and Moderate-Income Housing Asset Fund (LMIHAF) and/or Permanent Local Housing Allocation (PLHA) funds; and

2.                     Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with Mercy Housing California for the development of new affordable rental housing units.

 

 

SUGGESTED ACTION

Approve recommendation.