The Long Beach Community Investment Company

CITY OF LONG BEACH WEDNESDAY, FEBRUARY 16, 2022 THE LONG BEACH COMMUNITY TELECONFERENCE, 4:00 PM INVESTMENT COMPANY AGENDA Patrice Wong, Chair Hilda Delgado, Director Jan Ward, Vice Chair Lindsay Mais, Director Mary Castro, Director Eva Melgarejo, Director Elwood Sides, Director REGULAR MEETING THE LONG BEACH COMMUNITY INVESTMENT COMPANY (LBCIC) MEETING VIA TELECONFERENCE PURSUANT TO EXECUTIVE ORDER AB-361 ISSUED BY GOVERNOR GAVIN NEWSOM. THE CIVIC CHAMBERS WILL BE CLOSED TO THE PUBLIC. THE PUBLIC MAY PROVIDE COMMENTS ON AGENDA ITEMS BY EMAIL TO LBDS@LONGBEACH.GOV TELECONFERENCE DIAL IN: 1-408-418-9388 MEETING ID: 2491 101 7881 CALL TO ORDER ROLL CALL FLAG SALUTE PRESIDENT'S REPORT ELECTION 1. 22-002CI Recommendation to Elect the Long Beach Community Investment Company (LBCIC) Chair and Vice Chair. Suggested Action: Conduct Election. Attachments: LBCIC Elections 2022.pdf MINUTES 2. 22-003CI Recommendation to approve and file the minutes of the Special LBCIC Board meeting held on Tuesday, January 4, 2022. Suggested Action: Approve recommendation. Page 1 of 3 CITY OF LONG BEACH WEDNESDAY, FEBRUARY 16, 2022 THE LONG BEACH COMMUNITY INVESTMENT TELECONFERENCE, 4:00 PM COMPANY AGENDA Attachments: FinishedAgendaAndMinutes 01042022.pdf REGULAR AGENDA 3. 22-004CI Recommendation to Receive and file the Housing Successor Annual Report Regarding the Low- and Moderate-Income Housing Asset Fund for Fiscal Year 2020-2021 and direct the President to post and distribute the report as required by Section 34176.1 of the California Health and Safety Code. (Citywide) Suggested Action: Approve recommendation. Attachments: 2022_02_16 Housing Successor Staff Report FY 2020-20 Attachment A - Final Housing Successor Annual Report F 4. 22-005CI Recommendation to: 1. Approve a HOME loan in the amount of $4 Million to Century Affordable Development, Inc. (CADI) for the development of veteran affordable housing units located at 2121 W. Williams Street; 2. Authorize the President or designee to enter into an Affordable Housing Loan Agreement with Century Affordable Development, Inc.; and, 3. Authorize the President, or designee, to execute any and all documents necessary to implement the Loan Agreement and the project. (District 7) Suggested Action: Approve recommendation. Attachments: 2022_02_16 Century Villages - The Cove Staff Report - F Attachment A - Site Map.pdf Attachment B - November 18, 2020 Staff Report HOME N Attachment C - Site Plan and Renderings.pdf Attachment D - Century Villages at Cabrillo PVI_HOME L 5. 22-006CI Recommendation to Receive and file the presentation and accept public input on the Substantial Amendment to the 2021-2022 Action Plan. (Citywide) Suggested Action: Approve recommendation. Page 2 of 3 CITY OF LONG BEACH WEDNESDAY, FEBRUARY 16, 2022 THE LONG BEACH COMMUNITY INVESTMENT TELECONFERENCE, 4:00 PM COMPANY AGENDA Attachments: 2022_02_16 Substantial Amendment to the 2021-2022 A Attachment A - Substantial Amendment to the 2021-2022 Attachment B - Presentation for the Substantial Amendme 6. 22-007CI Recommendation to review presentation on Five-Year Consolidation Plan Attachments: Presentation on Five-Year Consolidated Plan - FINAL.pdf PUBLIC PARTICIPATION: Members of the public are invited to address the Board on items of interest to the public within the Agency Board jurisdiction. Each speaker will be limited to two minutes unless that time is extended by the Chair. COMMENTS ADJOURNMENT I, Monica Jaime, Secretary, certify that the agenda was posted not less than 72 hours prior to the meeting. Signature: _____________________________ Date: ________________ Note: The City of Long Beach provides reasonable accommodations in accordance with the Americans with Disabilities Act of 1990. To request this information in an alternative format or to request a reasonable accommodation, please contact the Development Services Department at longbeach.gov/lbds and 562-570-3807 or (562) 570-6957. A minimum of three business days is requested to ensure availability; attempts will be made to accommodate requests with shorter notice. Page 3 of 3