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17-001CI
| 1 | 1. | Special Meeting Minutes | CI-Agenda Item | Recommendation to receive and file the minutes of the Special Board Meeting held held Wednesday, November 30, 2016. | approve recommendation | Pass |
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17-002CI
| 1 | 2. | Election of Officers | CI-Agenda Item | Recommendation to elect The Long Beach Community Investment Company (LBCIC) Chair and Vice Chair. | laid over | Pass |
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17-003CI
| 1 | 3. | Century Housing - The Beacon | CI-Agenda Item | Recommendation to
1. Approve additional permanent loan funds in the amount of $2,000,000 to provide a total permanent loan of $12,276,000 to a Limited Liability Company to be formed by Century Housing Corporation for the development of The Beacon apartments located 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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17-004CI
| 1 | 4. | Habitat for Humanity - Henderson Avenue | CI-Agenda Item | Recommendation to
1. Authorize the President or designee to negotiate and enter into a Disposition and Development Agreement for the conveyance of the properties at 1950-1960 Henderson Avenue to Habitat for Humanity Greater Los Angeles;
2. Approve a loan in the amount of $382,000 to Habitat for Humanity Greater Los Angeles to provide gap financing for the development of the properties at 1950-1960 Henderson Avenue; and
3. Authorize the President or designee to execute any and all documents necessary to implement the Disposition and Development and Loan Agreements. | approve recommendation | Pass |
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17-005CI
| 1 | 5. | Housing Successor Annual Report | CI-Agenda Item | Recommendation to file the Housing Successor Annual Report Regarding the Low and Moderate Income Housing Asset Fund for Fiscal Year 2015-2016 and direct the President to post and distribute the report as required by Section 34176.1 of the California Health and Safety Code. | approve recommendation | Pass |
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