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23-016CI
| 1 | 1. | Minutes of April 19, 2023 Meeting | CI-Agenda Item | Recommendation to approve and file the minutes of the regular LBCIC Board meeting held on Wednesday, April 19, 2023. | approve recommendation | Pass |
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23-017CI
| 1 | 2. | Mercy Housing Funding | CI-Agenda Item | 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. | approve recommendation | Pass |
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23-018CI
| 1 | 3. | Excelerate Loan Amendment | CI-Agenda Item | Recommendation to:
1. Approve a $500,000 increase to the permanent Low-and Moderate-Income Housing Asset Funds (LMIHAF) loan to Excelerate Housing Group (Excelerate) for the development of the 26 Point 2 Project;
2. Authorize the President to negotiate an Amendment to the Affordable Housing Loan Agreement with Excelerate; and,
3. Authorize the President to negotiate and execute any and all documents necessary related to the Loan Amendment. | approve recommendation | Pass |
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23-019CI
| 1 | 4. | LBCIC Housing Fund Budget | CI-Agenda Item | Recommendation to adopt the Long Beach Community Investment Company proposed Fiscal Year 2023-2024 (FY24) budget. | approve recommendation | Pass |
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23-020CI
| 1 | 5. | Action Plan Budget | CI-Agenda Item | Recommendation to receive and file a report on the proposed Fiscal Year 2024 Action Plan budget for the expenditure of Community Development Block Grant (CDBG), HOME Investment Partnerships Grant (HOME), and Emergency Solutions Grant (ESG) funds under the current Five-Year Consolidated Plan. | received and filed | Pass |
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