City Council

(6) 22-0167-S2 CD 13 HOUSING AND HOMELESSNESS COMMITTEE REPORT relative to increased Housing Opportunities for People With AIDS (HOPWA) funding for the Alvarado Kent Apartments located at 707-711 North Alvarado Street in Council District 13; and related matters. Recommendations for Council action, pursuant to Motion (O’Farrell – Lee), SUBJECT TO THE APPROVAL OF THE MAYOR: AUTHORIZE the General Manager, Los Angeles Housing Department (LAHD), or designee, to: Increase funding by $2,041,645 in HOPWA funds to Alvarado Kent Apartments, L.P. for the Project located at 707-711 North Alvarado Street, as noted below, and cause these funds to be transferred to the appropriate accounts to effectuate an increase in funding for the Project: Fund Account Amount HOPWA 569 43P440 $   295,397 569 43T440 1,746,248 $2,041,645 Negotiate, amend, and execute loan amendments, covenant amendments, subordination agreements and other documents as necessary to reflect the new amounts, subject to the approval of the City Attorney as to form, and make any technical corrections to the fund transfer instructions as necessary to effectuate the intent of the Motion. Prepare Controller Instructions, subject to the approval of the Chief Legislative Analyst (CLA). AUTHORIZE the Controller to implement the instructions and expend funds upon receipt of proper demand by the General Manager, LAHD, or designee.