Los Angeles

City Council

January 17, 2023 Item #18

Agenda Item 18

(18) 23-0027 CD 2 MOTION (KREKORIAN - PRICE) and RESOLUTION relative to issuing Multifamily Housing Revenue Bonds, in an amount not to exceed $25,953,000 to finance the new construction of a 64-unit multifamily housing project known as Confianza (Project) located at 14142-14154 West Vanowen Street. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: CONSIDER the results of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) hearing held on September 29, 2022 for Confianza Apartments, attached to the Motion. ADOPT the accompanying TEFRA RESOLUTION approving the issuance of bonds in an amount not to exceed $25,953,000 to finance the new construction of a 64-unit multifamily housing project located at 14142-14154 West Vanowen Street in Council District 2. Motion (Krekorian - Price) dated 1-10-23