23-018CI
Recommendation to: 1. Approve a $500,000 increase to the permanent Low-and Moderate-Income Housing Asset Funds (LMIHAF) loan to Excelerate Housing Group (Excelerate) for the development of the 26 Point 2 Project; 2. Authorize the President to negotiate an Amendment to the Affordable Housing Loan Agreement with Excelerate; and, 3. Authorize the President to negotiate and execute any and all documents necessary related to the Loan Amendment.
- Committee
- The Long Beach Community Investment Company
- Introduced
- May 11, 2023
- On agenda
- May 17, 2023
- Passed
- May 17, 2023
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