Los Angeles

City Council

January 17, 2024 Item #3

Agenda Item 3

(3) 19-1276 CD 7 MOTION (RODRIGUEZ - RAMAN) and RESOLUTION relative to the issuance of Multifamily Housing Revenue Bonds to finance the new construction of a 56-unit multifamily housing project known as Silva Crossing Apartments (Project) located at 12667 San Fernando Road in Council District 7. Recommendations for Council action, SUBJECT TO APPROVAL OF THE MAYOR: CONSIDER the results of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) public hearing held on December 27, 2023 for the Silva Crossing Apartments. ADOPT the accompanying TEFRA RESOLUTION, attached to the Council file, approving the issuance of bonds in an amount not to exceed $21,250,000 for the new construction of a 56-unit multifamily housing project located 12667 San Fernando Road in Council District 7. Motion (Rodriguez - Raman) dated 1-10-24 Mayor ConcurrenceCouncil Action 09_11_2020 Attested Resolution 09_11_2020 Report from Homelessness and Poverty Committee 08_27_2020 Report from City Administrative Officer 08_13_2020 Report from Mayor 07_24_2020 Attested Resolution 12_31_2019 Mayor ConcurrenceCouncil Action 11_04_2019 Speaker Card(s) 10_29_2019 Motion 10_22_2019