Long Beach, CA
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Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: The Long Beach Community Investment Company Agenda status: Draft
Meeting date/time: 5/17/2023 4:00 PM Minutes status: Draft  
Meeting location: 411 W. Ocean Blvd. 2nd Floor "The Beach" Conference Room
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video: eComment: Not available  
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23-016CI 11.Minutes of April 19, 2023 MeetingCI-Agenda ItemRecommendation to approve and file the minutes of the regular LBCIC Board meeting held on Wednesday, April 19, 2023.   Not available Not available
23-017CI 12.Mercy Housing FundingCI-Agenda ItemRecommendation 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.   Not available Not available
23-018CI 13.Excelerate Loan AmendmentCI-Agenda ItemRecommendation 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.   Not available Not available
23-019CI 14.LBCIC Housing Fund BudgetCI-Agenda ItemRecommendation to adopt the Long Beach Community Investment Company proposed Fiscal Year 2023-2024 (FY24) budget.   Not available Not available
23-020CI 15.Action Plan BudgetCI-Agenda ItemRecommendation 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.   Not available Not available