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15-046CI
| 1 | 1. | Min | CI-Agenda Item | Recommendation to receive and file the minutes of the regular Board meeting held on Wednesday, October 21, 2015. | approve recommendation | Pass |
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15-047CI
| 1 | 2. | loan 1201-1235 LBB | CI-Agenda Item | Recommendation to:
1. Approve a construction loan in the amount of $12,276,000, and a permanent loan in the amount of $10,276,000 to a Limited Liability Company to be formed by Century Housing Corporation for the development of The Beacon Apartment Project located at 1201-1235 Long Beach Boulevard;
2. Authorize the President to negotiate an Affordable Housing Loan Agreement with a Limited Liability Company to be formed by Century Housing Corporation; and,
3. Authorize the President to execute any and all documents necessary to implement the Loan Agreement and the project. | approve recommendation | Pass |
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15-048CI
| 1 | 3. | loan 817 Daisy Ave | CI-Agenda Item | Recommendation to:
1. Approve a loan in the amount of $500,000, in HOME CHDO funds to Home Ownership for Personal Empowerment for the acquisition and rehabilitation of the property located at 817 Daisy Avenue;
2. Authorize the President to negotiate an Affordable Housing Loan Agreement with Home Ownership for Personal Empowerment; and,
3. Authorize the President to execute any and all documents necessary to implement the Loan Agreement and the project. | approve recommendation | Pass |
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