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19-003CI
| 1 | 1. | October 2018 meeting minutes | CI-Agenda Item | Recommendation to receive and file the minutes of the Regular Board meeting held Wednesday, October 17, 2018. | approve recommendation | Pass |
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19-002CI
| 1 | 2. | Election of Officers | CI-Agenda Item | Recommendation to elect The Long Beach Community Investment Company (LBCIC) Chair and Vice Chair. | approve recommendation | Pass |
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19-002CI
| 1 | | Election of Officers | CI-Agenda Item | Recommendation to elect The Long Beach Community Investment Company (LBCIC) Chair and Vice Chair. | approve recommendation | Pass |
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19-004CI
| 1 | 3. | Housing Successor Annual Report | CI-Agenda Item | Recommendation to receive and file the Housing Successor Annual Report Regarding the Low and Moderate Income Housing Asset Fund for Fiscal Year 2017-2018 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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19-005CI
| 1 | 4. | CHDO NOFA | CI-Agenda Item | Recommendation to
1. Approve the selection of Home Ownership for Personal Empowerment (HOPE) for an award of CHDO funds in the amount of $451,676;
2. Approve a loan in the amount of $150,000 in HOME CHDO funds to HOPE for the acquisition of the property located at 4734 Sunfield Avenue;
3. Approve a loan in the amount of $150,000 in HOME CHDO funds to HOPE for the acquisition of the property located at 6127 Keynote Street;
4. Approve a loan in the amount of $151,676 in HOME CHDO funds to HOPE for the acquisition of the property located at 6711 East 9th Street;
5. Authorize the President to negotiate Affordable Housing Loan Agreements with HOPE; and,
6. Authorize the President to execute any and all documents necessary to implement the Loan Agreements and the project. | approve recommendation | Pass |
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19-006CI
| 1 | 5. | NOFA Century | CI-Agenda Item | Recommendation to
1. Approve the selection of Century Affordable Development, Inc (Century) for an award of HOME funds in the amount of $1.1 million; and,
2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with Century for the acquisition and rehabilitation of 1117 Elm Avenue and 421 West 33rd Street. | approve recommendation | Pass |
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19-007CI
| 1 | 6. | NOFA MRK PARTNERS | CI-Agenda Item | Recommendation to
1. Approve the selection of MRK Partners Inc (MRK) for an award of HOME funds in the amount of $750,000; and,
2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with MRK for the acquisition and rehabilitation of 3799 East Willow Street. | approve recommendation | Pass |
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19-008CI
| 1 | 7. | NOFA BRIDGE HOUSING | CI-Agenda Item | Recommendation to
1. Approve the selection of Bride Housing Corporation (Bridge) for an award of HOME funds in the amount of $4 Million; and,
2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with Bridge for the new construction of affordable housing rental units. | approve recommendation | Pass |
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