23-014CI
Recommendation to: 1. Approve a Community Development Block Grant (CDBG) loan in the amount of $3,600,000 to AMCAL Multi-Housing, Inc. (AMCAL) for acquisition of the property located at 946 Linden Avenue; 2. Authorize the President to negotiate an Acquisition Loan Agreement with AMCAL; and, Authorize the President to execute any and all documents necessary to implement the Loan Agreement and the project.
What this record is
- Held by
- AMCAL Multi-Housing, Inc
- Amount
- $3.60M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- purchase
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- The Long Beach Community Investment Company
- Introduced
- April 13, 2023
- On agenda
- April 19, 2023
- Passed
- April 19, 2023
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