City of Long Beach - Meeting of The Long Beach Community Investment Company on 11/8/2017 at 4:00 PM

17-037CI

Mon, 30 Oct 2023 20:47:22 GMT

File #: 17-037CI
Ver.: 1
Agenda #: 1.
Type: CI-Agenda Item
Title: Recommendation to receive and file the minutes of the Regular Board Meeting held Wednesday, October 18, 2017.
Action: approve recommendation
Result: Pass

17-038CI

Mon, 30 Oct 2023 20:47:22 GMT

File #: 17-038CI
Ver.: 1
Agenda #: 2.
Type: CI-Agenda Item
Title: Recommendation to 1. Approve a loan in the amount of $164,000 in HOME CHDO funds to Home Ownership for Personal Empowerment for the acquisition and rehabilitation of the property located at 3210 East Curry Street, or a comparable property at the same cost; 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.
Action: approve recommendation
Result: Pass

17-039CI

Mon, 30 Oct 2023 20:47:22 GMT

File #: 17-039CI
Ver.: 1
Agenda #: 3.
Type: CI-Agenda Item
Title: Recommendation to 1. Approve a loan in the amount of $165,800 in HOME CHDO funds to Home Ownership for Personal Empowerment for the acquisition and rehabilitation of the property located at 2800 Baltic Avenue, or a comparable property at the same cost; 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.
Action: approve recommendation
Result: Pass