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16-017CI
| 1 | 1. | June Minutes | CI-Agenda Item | Recommendation to receive and file the minutes of the Regular Board Meeting held Wednesday, June 15, 2016. | approve recommendation | Pass |
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16-018CI
| 1 | 2. | AMCAL ENA | CI-Agenda Item | Recommendation to
1) Authorize the President to reserve funding of up to $3.5 million for the acquisition and development of the property at 1795 Long Beach Boulevard; and,
2) Authorize the President to enter into an Agreement to Negotiate Exclusively with AMCAL for the purchase and development of the property located at 1795 Long Beach Boulevard. | approve recommendation | Pass |
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16-019CI
| 1 | 3. | Beachwood HOME Loan | CI-Agenda Item | Recommendation to
1) Approve a HOME loan in the amount of $2,100,000 to Century Affordable Development, Inc. for the acquisition of the Beachwood Apartments located at 505 West 6th Street and 475 West 5th Street;
2) Authorize the President to negotiate an Affordable Housing Loan Agreement with Century Affordable Development; 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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16-020CI
| 1 | 4. | Daisy Rehab Loan | CI-Agenda Item | Recommendation to approve a Multi-Family Rehabilitation Loan in the amount of $315,000 to Affordable Housing Clearinghouse for the rehabilitation of the property at 1034-1040 Daisy Avenue. | approve recommendation | Pass |
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16-021CI
| 1 | 5. | Immanuel HOME Loan | CI-Agenda Item | Recommendation to
1) Approve additional funding in the amount of $904,000 to provide a total loan of $2,554,000 to Immanuel Community Housing, L.P., for the development of Immanuel Senior Housing located at 3215 E. Third Street; and,
2) Authorize the President to execute any and all documents necessary to implement an amendment to the existing Loan Agreement with Immanuel Community Housing, L.P. | approve recommendation | Pass |
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