City Council

(2) 21-0215 CD 14 HOUSING AND HOMELESSNESS COMMITTEE REPORT and RESOLUTION relative to issuing supplemental tax-exempt multifamily conduit revenue notes in an amount up to $2,000,000; and executing related financing documents for the Brine Residential Supportive Housing Project located at 3016 North Main Street in Council District 14. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: NOTE and FILE the Los Angeles Housing Department (LAHD) report dated November 30, 2022, attached to Council file No. 21-0215, relative to the issuance of supplemental tax-exempt multifamily conduit revenue notes for the Brine Residential Project. ADOPT the accompanying RESOLUTION attached to the City Administrative Officer (CAO) report dated January 12, 2023, attached to Council file No. 21-0215, authorizing the issuance of up to $2,000,000 in supplemental tax-exempt multifamily conduit revenue notes for the Brine Residential Project located at 3016 North Main Street in Council District 14. AUTHORIZE the General Manager, LAHD, or designee, to negotiate and execute the relevant financing documents for the Brine Residential Project, subject to the approval of the City Attorney as to form.