City Council

(4) 22-1114 CD 6 HOUSING AND HOMELESSNESS COMMITTEE REPORT and RESOLUTION relative to issuing tax-exempt multifamily conduit revenue notes in an amount up to $40,112,386; and issuing taxable multifamily conduit revenue notes in an amount up to $14,212,032; and executing related financing documents for the Vista Terrace Apartments Affordable Housing Project located at 8134 and 8146 Van Nuys Boulevard 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 December 12, 2022, attached to Council file No. 22-1114, relative to the issuance of tax-exempt and taxable multifamily conduit revenue notes for the Vista Terrace Apartments Project ADOPT the accompanying RESOLUTION, attached to the City Administrative Officer (CAO) report dated January 27, 2023, authorizing the issuance of up to $40,112,386 in tax-exempt multifamily conduit revenue notes and up to $14,212,032 in taxable multifamily conduit revenue notes for the Vista Terrace Apartments Affordable Housing Project located at 8134 and 8146 Van Nuys Boulevard in Council District 6. AUTHORIZE the General Manager, LAHD, or designee, to negotiate and execute the relevant financing documents for the Vista Terrace Apartments Affordable Housing Project, subject to the approval of the City Attorney as to form.