City Council

(3) 20-0546 CD 6 HOUSING AND HOMELESSNESS COMMITTEE REPORT and RESOLUTION relative to considering the results of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) hearing; issuing supplemental tax-exempt multifamily conduit revenue bonds in an amount up to $854,266 and supplemental taxable multifamily conduit revenue bonds in an amount up to $166,525; and executing related financing documents for the Sun King Apartments Supportive Housing Project located at 9190 North Telfair Avenue in Council District 6. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: NOTE and FILE the Los Angeles Housing Department (LAHD) report dated January 11, 2023, attached to Council file No. 20-0546, relative to the issuance of supplemental multifamily conduit revenue bonds for the Sun King Apartments Supportive Housing Project. CONSIDER the results of the TEFRA hearing held on December 15, 2022 for the Sun King Apartments Supportive Housing Project contained in the City Administrative Officer (CAO) report dated January 26, 2023, attached to Council file 20-0546. ADOPT the accompanying RESOLUTION, attached to the CAO report dated January 26, 2023, authorizing the issuance of up to $854,266 in supplemental tax-exempt multifamily conduit revenue bonds and up to $166,525 in taxable multifamily conduit revenue bonds for the Sun King Apartments Supportive Housing Project located at 9190 North Telfair Avenue in Council District 6. AUTHORIZE the General Manager, LAHD, or designee, to negotiate and execute the relevant financing documents for the Sun King Apartments Supportive Housing Project, subject to the approval of the City Attorney as to form.