Long Beach, CA
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Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: The Long Beach Community Investment Company Agenda status: Draft
Meeting date/time: 1/4/2022 4:00 PM Minutes status: Draft  
Meeting location: TELECONFERENCE
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video: eComment: Not available  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
21-024CI 11.Minutes of Special Meeting held on Wednesday, June 23, 2021CI-Agenda ItemRecommendation to approve and file the minutes of the Special Board meeting held on Wednesday, June 23, 2021   Not available Not available
21-025CI 12.Excelerate Loan ApprovalCI-Agenda ItemRecommendation 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)   Not available Not available
21-026CI 13.Home CHDO NOFA - HOPECI-Agenda ItemRecommendation 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)   Not available Not available
21-027CI 24.CDBG NOFA - LINCCI-Agenda ItemRecommendation 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)   Not available Not available
21-028CI 15.Armory Award Funds and ENACI-Agenda ItemRecommendation 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).   Not available Not available
21-029CI 16.AMCALCI-Agenda ItemRecommendation 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).   Not available Not available