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

no end date published in this record

Type

purchase

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