LA County Board

56. Multifamily Housing Revenue Bonds to Finance the Development of the\nLakeland Apartments Project\nRecommendation: Adopt and instruct the Chair to sign a resolution approving\nthe issuance of tax-exempt Multifamily Housing Mortgage Revenue Bonds or\nNotes by the Los Angeles County Development Authority (LACDA), in an\naggregate principal amount not to exceed $32,591,772, to assist Richman\nSanta Fe Springs Apartments, LP, or a LACDA-approved designee, to finance\nthe site acquisition, construction, rehabilitation, or development of the Lakeland\nApartments project, a 102-unit intergenerational housing development to be\nlocated at 13231 Lakeland Road in the City of Santa Fe Springs (4). (Los\nAngeles County Development Authority) ADOPT (Relates to Agenda No.\n2-D) (23-1631)\nAttachments: Board Letter\nPublic Comment/Correspondence\nPublic Safety