Los Angeles

LA County Board

May 16, 2023 Item #53

Agenda Item 53

53. Multifamily Housing Revenue Bonds to Finance the Development of the\n2111 Firestone Project\nRecommendation: Adopt and instruct the Chair to sign a resolution approving\nthe issuance of tax-exempt Multifamily Housing Mortgage Revenue Bonds or\nNotes by the Los Angeles County Development Authority (LACDA), in an\naggregate principal amount not to exceed $21,435,228, to assist 2111\nFirestone, LP, or a LACDA-approved designee, to finance the site acquisition,\nconstruction, rehabilitation, or development of 2111 Firestone, an 85-unit\nsupportive housing development project to be located at 2111 Firestone\nBoulevard in the unincorporated community of Florence-Graham (2). (Los\nAngeles County Development Authority) ADOPT (Relates to Agenda No.