LA County Board

4-D. Multifamily Housing Mortgage Revenue Bonds or Notes to Finance the\nDevelopment and Construction of the Cudahy Senior Project\nRecommendation: Adopt and instruct the Chair to sign a resolution, as required\nunder Treasury regulations, declaring an intent by Cudahy Senior Apartments\nLP, to undertake bond financing in an amount not to exceed $55,000,000, to\nfinance the acquisition, construction, rehabilitation, and/or development of the\nCudahy Senior Apartments Project, a 140-unit affordable housing development\nto be located at 4610 Santa Ana Street in the City of Cudahy (4); authorize the\nExecutive Director of the Los Angeles County Development Authority (LACDA)\nto submit an application to the California Debt Limit Allocation Committee for a\nprivate activity bond allocation on an aggregate amount not exceeding\n$55,000,000, for the purposes described herein and to take whatever further\naction relating to the aforesaid financial assistance may be deemed reasonable\nand desirable, provided that the terms and conditions under which the bonds or\nnotes are to be issued and sold shall be approved by LACDA in the manner\nprovided by law prior to the sale thereof; and find that the adoption of the\nresolution is not subject to the California Environmental Quality Act. ADOPT\n(24-1146)