TITLE
Recommendation to authorize City Manager to consent, on behalf of the City, to an amendment of the Bylaws of the Long Beach Housing Development Company to increase the authorized number of directors from 11 to 14 in order to consolidate the activities and affairs of the LBHDC and the Neighborhood Preservation Loan Committee, and authorize the City Manager to consent, on behalf of the City, to a subsequent reduction in the number of authorized directors from 14 to 11 as vacancies occur. (Citywide)
DISCUSSION
On June 1, 2004, the Long Beach City Council adopted a five-year Housing Action Plan (HAP) covering fiscal years 2005-2009. The HAP will serve as the framework for the allocation of the City's scarce resources for affordable housing. In the same action, the City Council also authorized The Long Beach Housing Development Company (LBHDC) to administer the HAP and to direct the expenditures of housing set-aside and HOME funds in accordance with the HAP. Attached for your reference is a copy of the June 1, 2004 staff report to City Council (Attachment #1).
While redevelopment housing set-aside and HOME funds are both currently administered by the Housing Services Bureau, the LBHDC's authority is presently limited to the expenditure of housing set-aside. Authority over the expenditure of HOME funds lies with the City Council and with the Neighborhood Preservation Loan Committee (NPLC), an advisory body composed of six members, five of them appointed by the Mayor and confirmed by the City Council and the sixth member being the City Treasurer. One of the NPLC members represents the Community Development Advisory Commission (CDAC).
In order for the LBHDC to administer the HAP, the following actions need to occur:
1. Amend the structures of the LBHDC and NPLC and combine the two boards, with all existing 14 members serving their current terms. Attached is a matrix showing the current membership of both boards (Attachment #2). The LBHDC is an 11-...
Click here for full text