LA County Board

2-D. Affordable Multifamily Housing in Unincorporated East Los Angeles\nRecommendation: Adopt and instruct the Chair to sign a resolution, as required\nunder United States Treasury Department regulations, declaring an intent by La\nTrinidad Senior Apartments LP, or an approved affiliate or assign thereof, to\nundertake bond financing in an amount not to exceed $21,557,580 to finance\nthe acquisition, construction, rehabilitation, and/or development of the La\nTrinidad Apartments Project, a 66-unit affordable housing development to be\nlocated at 3565 East 1st Street in unincorporated East Los Angeles (1)\n(Project); authorize the Executive Director of the Los Angeles County\nDevelopment Authority (LACDA) to submit an application to the California Debt\nLimit Allocation Committee for a private activity bond allocation on an aggregate\namount not exceeding $21,557,580 for the purposes described herein and to\ntake whatever further action relating to the aforesaid financial assistance may\nbe deemed reasonable and desirable, provided that the terms and conditions\nunder which the bonds or notes are to be issued and sold shall be approved by\nLACDA in the manner provided by law prior to the sale thereof; and find that the\nadoption of the resolution is not subject to the California Environmental Quality\nAct. ADOPT (24-0980)