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

What this record is

Held by

Jamboree Housing Corporation 2 records across this site

Amount

$2.10M

Runs until

no end date published in this record

Type

award

Read automatically from the title of the official record. The source document below is authoritative.

Jamboree Housing Corporation also holds

Approve and authorize execution of an 18-month extension to the Exclusive Negotiations Agreement with Jamboree Housing to continue planning and secure… Huntington Beach, CA

Committee

The Long Beach Community Investment Company

Introduced

January 12, 2023

On agenda

January 18, 2023

Passed

January 18, 2023