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21-024CI
| 1 | 1. | Minutes of Special Meeting held on Wednesday, June 23, 2021 | CI-Agenda Item | Recommendation to approve and file the minutes of the Special Board meeting held on Wednesday, June 23, 2021 | approve recommendation | Pass |
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21-025CI
| 1 | 2. | Excelerate Loan Approval | CI-Agenda Item | Recommendation to:
1. Approve a loan in the amount of up to $4 Million to Excelerate Housing Group for the development of affordable rental housing units located at 3590 E. Pacific Coast Highway;
2. Authorize the President to negotiate an Affordable Housing Loan Agreement with Excelerate Housing Group; and,
3. Authorize the President or designee to execute any and all documents necessary to implement the Loan Agreement and the project. (District 4) | approve recommendation | Pass |
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21-026CI
| 1 | 3. | Home CHDO NOFA - HOPE | CI-Agenda Item | Recommendation to:
1. Approve the selection of Home Ownership for Personal Empowerment (HOPE) for an award of Community Housing Development Organization (CHDO) funds in the amount of $859,051; and,
2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with HOPE for the acquisition and rehabilitation of housing for special needs individuals. (Citywide) | approve recommendation | Pass |
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21-027CI
| 2 | 4. | CDBG NOFA - LINC | CI-Agenda Item | Recommendation to:
1. Approve the selection of LINC Community Development Corporation (LINC) for an award of Community Development Block Grant (CDBG) funds in the amount of $1,600,000;
2. Approve a loan in the amount of $1,600,000 in CDBG funds to LINC for the acquisition of the property located at 4220 Wherly Court;
3. Authorize the President to negotiate an Affordable Housing Loan Agreement with LINC; and,
4. Authorize the President to execute any and all documents necessary to implement the Loan Agreement and the project. (District 4) | approve recommendation | Pass |
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21-028CI
| 1 | 5. | Armory Award Funds and ENA | CI-Agenda Item | Recommendation to:
1. Approve the selection of Gundry Partners, LP for an award of up to $5 Million in LMIHAF and/or PLHA funds; and,
2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with Gundry Partners for the adaptive reuse and new construction of affordable rental housing units (District 1). | approve recommendation | Pass |
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21-029CI
| 1 | 6. | AMCAL | CI-Agenda Item | Recommendation to:
1. Approve the selection of AMCAL Multi-Housing, Inc. for an award of up to $5 Million in LMIHAF and/or PLHA funds; and,
2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with AMCAL Multi-Housing, Inc. for the development of new construction of affordable rental housing units. (District 1). | approve recommendation | Pass |
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