LA County Board

1-D.\nMultifamily Affordable Housing Development Funding Agreement\nRecommendation: Approve the increased loan amount to Venice Community\nHousing Corporation, in an aggregate amount of up to $315,000 in No Place\nLike Home (NPLH) funds, to fund the development of a nine-unit affordable\nmultifamily rental housing development selected through the Notice of Funding\nAvailability Round 2019-1, issued by the Los Angeles County Development\nAuthority (LACDA), located in the City of Los Angeles (3). Authorize the\nExecutive Director of the Los Angeles County Development Authority to\nincorporate, as needed, up to $315,000 in NPLH into LACDA’s approved Fiscal\nYear 2025-26 budget for this purpose. Authorize the Executive Director to\nreallocate the LACDA funding set aside for affordable housing at the time of\nproject funding, as needed and within the project’s approved funding limit, in\nline with project’s need, and within the requirements for each funding source.\nFind that approval of funding for this project is not subject to the California\nEnvironmental Quality Act. APPROVE (26-1217)\nBoard Letter