Los Angeles

LA County Board

March 07, 2023 Special District Item #3

Agenda Item 3

3-D. Funding and Environmental Documentation for Multifamily Affordable\nHousing Development\nRecommendation: Approve increased loan amounts to West Hollywood\nCommunity Housing Corp. for the Third Thyme Affordable Multifamily Rental\nHousing Development and Excelerate for the 26 Point 2 Affordable Multifamily\nRental Housing Development, in an aggregate amount of up to $2,000,000 in\nAffordable Housing Trust funds (AHTF), and approve a loan to EAH, Inc., for\nthe Detroit Street Apartments, in an amount up to $3,360,000 in AHTF (1, 3 and\n4); acting as a responsible agency pursuant to the California Environmental\nQuality Act (CEQA), certify that the Los Angeles County Development Authority\n(LACDA) has considered the exemption determination for the Detroit Street\nApartments Project prepared by the City of West Hollywood as lead agency,\nand find that this Project will not cause a significant impact on the environment;\nand authorize the Executive Director of the Los Angeles County Development\nAuthority to take the following actions: APPROVE\nIncorporate, as needed, up to $5,360,000 in AHTF into the LACDA’s\napproved Fiscal Year (FY) 2022-23 budget, and future Fiscal Year\nbudgets, as needed, for the purposes described herein;\nReallocate LACDA funding set aside for affordable housing at the time of\nproject funding, as needed and within each project’s approved funding\nlimit, in line with each project’s needs, and within the requirements for\neach funding source; and\nExecute, and if necessary, amend, or reduce the loan agreements with\nthe recommended developers or their LACDA-approved assignees, and\nall related documents including, but not limited to, documents to\nsubordinate the loans to construction and permanent financing, and any\nintergovernmental, interagency, or inter-creditor agreements necessary\nfor the implementation of each development. (23-0903)\nAttachments: Board Letter\nPublic Comment/Correspondence\nIV. NOTICES OF CLOSED SESSION FOR MARCH 7, 2023\nCS-1. PUBLIC EMPLOYMENT\n(Government Code Section 54957(b)(1))\nDiscipline/Dismissal/Release (23-0993)\nAttachments: Public Comment/Correspondence\nCS-2. DEPARTMENT HEAD PERFORMANCE EVALUATIONS\n(Government Code Section 54957)\nDepartment Head performance evaluations. (11-1977)\nAttachments: Public Comment/Correspondence\nCS-3. CONFERENCE WITH LABOR NEGOTIATORS\n(Government Code Section 54957.6)\nAgency designated representatives: Fesia Davenport, Chief Executive Officer\nand designated staff\nEmployee Organization(s) for represented employees: All individual member\nunions of the Coalition of County Unions, AFL-CIO; Local 721, SEIU; All\naffiliated member unions of AFSCME Council 36; Association of Deputy District\nAttorneys; Los Angeles County Association of Environmental Health Specialists;\nLos Angeles County Public Defenders; and\nUnrepresented employees (all). (17-0363)\nAttachments: Public Comment/Correspondence\nV. GENERAL PUBLIC COMMENT 59