City of Long Beach - File #: 09-011HC

• File #: 09-011HC
• Version: 1
• Name: HC-Habitat for Humanity Dev. Agreement
• Type: HC-Agenda Item
• Status: Approved
• File created: 10/8/2009
• In control: The Long Beach Housing Development Company
• Final action: 10/21/2009
• Title: Recommendation to: 1. Approve a loan of up to $534,700 to Habitat for Humanity Greater Los Angeles to provide gap financing for the development of the Washington School HAP Focus Area Scattered Sites Development; 2. Authorize the President or designee to negotiate and enter into a Development and Loan Agreement with Habitat for Humanity Greater Los Angeles subject to any Redevelopment Agency and City Council approvals that are required by the California Health and Safety Code; and 3. Authorize the President or designee to execute any and all documents necessary to implement a Development and Loan Agreement.
• Sponsors: Community Development, The Long Beach Housing Development Company
• Indexes: Agreements
• Related files: 10-025HC

Date	Ver.	Action By	Action	Result
10/21/2009	1	The Long Beach Housing Development Company	approve recommendation	Pass

TITLE

Recommendation to:

1.      Approve a loan of up to $534,700 to Habitat for Humanity Greater Los Angeles to provide gap financing for the development of the Washington School HAP Focus Area Scattered Sites Development;

2.      Authorize the President or designee to negotiate and enter into a Development and Loan Agreement with Habitat for Humanity Greater Los Angeles subject to any Redevelopment Agency and City Council approvals that are required by the California Health and Safety Code; and

3.      Authorize the President or designee to execute any and all documents necessary to implement a Development and Loan Agreement.

SUGGESTED ACTION

Approve recommendation.