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23-001CI
| 1 | 1. | Minutes of November 16, 2022 Mtg. | CI-Agenda Item | Recommendation to approve and file the minutes of the regular LBCIC Board meeting held on Wednesday, November 16, 2022. | approve recommendation | Pass |
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23-002CI
| 1 | 2. | CDBG funds to Jamboree Housing Corporation | CI-Agenda Item | Recommendation to:
1. Approve the selection of Jamboree Housing Corporation (Jamboree) for an award of Community Development Block Grant (CDBG) funds in the amount of $2,100,000;
2. Approve a loan in the amount of $2,100,000 in CDBG funds to Jamboree for the acquisition of the property located at 101 East Pacific Coast Highway;
3. Authorize the President to negotiate an Affordable Housing Loan Agreement with Jamboree; and,
4. 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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23-003CI
| 1 | 3. | Award of $4,000,000 in HOME funds to Holos Communities | CI-Agenda Item | Recommendation to:
1. Approve the selection of Holos Communities (Holos) for an award of HOME funds in the amount of $4,000,000; and,
2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with Holos for the new construction of affordable rental housing units.
| approve recommendation | Pass |
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23-004CI
| 1 | 4. | Authorization to Execute an Agreement to Negotiate Exclusively with Habitat for Humanity of Greater Los Angeles for the Purchase and Development of 5571 Orange Avenue (District 8) | CI-Agenda Item | Recommendation to Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with Habitat for Humanity of Greater Los Angeles (Habitat) for the purchase and development of 5571 Orange Avenue. (District 8) | approve recommendation | Pass |
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