LA County Board

1-D.\nApprove Funding for Renovations and Remediation Work at the Altadena\nVistas Apartments Located in the Eaton Fire Damage Area\nRecommendation as submitted by Supervisor Barger: Approve a loan of up to\n$4,369,029 in Home Investment Partnerships Program (HOME) funds for the\nproject including, environmental assessment and remediation, soils testing,\nreplacement of landscaping, upgrades to the fire alarm and sprinkler systems,\ninstallation of a security system and cameras, replacement of fixtures,\ncabinetry, and flooring in common areas and residential units, and other\nnecessary improvements (Project) at the Altadena Vistas Apartments. Authorize\nthe Executive Director of the Los Angeles County Development Authority to\nnegotiate, execute, and if necessary, amend a loan agreement and all related\ndocuments with the developer or a designee approved by the Los Angeles\nCounty Development Authority (LACDA) including, but not limited to, documents\nto subordinate the loan to construction and permanent financing, and any\nintergovernmental, interagency, or inter-creditor agreements necessary to\nimplement the Project. Find that approval of funding for this project is not\nsubject to California Environmental Quality Act. Authorize the Executive Director\nto take the following actions:\nIncorporate up to $4,369,029 in HOME Community Housing Development\nOrganization set-aside funds into LACDA’s approved Fiscal Year\n2025-26 budget, or future fiscal year budgets, as needed; and\nReallocate LACDA funding set aside for affordable housing at the time of\nProject funding, as needed and within the approved Project funding limit,\nconsistent with Project needs and applicable funding source\nrequirements. (25-6719)\nMotion by Supervisor Barger (Exempt From Cluster)