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The Long Beach Housing Development Company

Wednesday, April 20, 2011 · 4:00 PM AM · CITY HALL, 333 W. OCEAN BLVD. 3RD FLOOR CONFERENCE ROOM

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Agenda

  1. FINISHED AGENDA AND MINUTES
  2. CALL TO ORDER
  3. ROLL CALL
  4. REPORT OF THE CHAIR
  5. 1. Recommendation to receive and file the minutes of the regular meeting of March 16, 2011.
    HC-Agenda Item
    Action: received and filed Passed

    A motion was made by Boadmember Ulaszewski, seconded by Boardmember Cwayna, that the minutes of March 16, 2011 be received and filed. The motion carried by the following vote:

  6. ACTION ITEMS
  7. 2. Recommendation to receive and file the report on SB 450.
    HC-Agenda Item
    Action: received and filed Passed

    A motion was made by Vice Chair McDaniel, seconded by Boardmember Wong, that the report on SB 450 be received and filed. The motion carried by the following vote:

  8. 3. Recommendation to receive and file report on Affordable Housing Policy.
    HC-Agenda Item
    Action: received and filed Passed

    A motion was made by Boardmember Ulaszewski, seconded by Vice Chair McDaniel, that the report on Housing Policy be received and filed. The motion carried by the following vote:

  9. 4. Recommendation to receive and file report on Housing Rehabilitation Programs Currently Under the Purview of the Programs Committee.
    HC-Agenda Item
    Action: received and filed Passed

    A motion was made by Vice Chair McDaniel, seconded by Boardmember Price, that the Report on Housing Rehabilltation Programs be received and filed. The motion carried by the following vote:

  10. 5. Recommendation to receive and file the Annual Financial Report for the Fiscal Year Ended September 30, 2010.
    HC-Agenda Item
    Action: received and filed Passed

    A motion was made by Vice Chair McDaniel, seconded by Boardmember Gotz, that the Annual Financial Report be received and filed. The motion carried by the following vote:

  11. COMMITTEE MINUTES
  12. 6. Recommendation to receive and file the committee minutes.
    HC-Agenda Item
    Action: received and filed Passed

    The Committee minutes were received and filed.

  13. A) Programs Committee - March Minutes B) Projects Committee - No April Meeting Vice Chair McDaniel stated that Projects Committee did not meet in April and requested that since the Committee meets so sporadically that a reminder be sent whenever a meeting is scheduled.
  14. REPORT OF THE PRESIDENT
  15. 7. Recommendation to receive and file the reports of the President.
    HC-Agenda Item
    Action: approve recommendation Passed

    The reports of the President were received and filed.

  16. A) Summary of Projects Report President Bodek stated that the Redevelopment Agency received remittance advice from the County indicating that the City will receive $20 million for the month of April. This means that both the North and West Project Areas will be able to spend funds through the rest of the fiscal year; however, the Central and Downtown Project Areas are on hold. LBHDC can also begin spending funds. President Bodek reviewed the change in the presentation of the Report of the President. Vice President Tolentino reviewed the status of Ramona Park Apartments. Boardmember Wong asked what the difference was in the revised financial requests.
  17. NEW BUSINESS
  18. PUBLIC PARTICIPATION
  19. ADJOURNMENT
  20. PP
  21. Note:
  22. Vice President Tolentino responded. Vice Chair McDaniel stated that she felt this item should to go to the full Board for discussion. Boardmember Ulaszewski asked why they were not getting the tax credits. Vice President Tolentino stated that tax credits are extremely competitive. Further discussion ensued. Vice Chair McDaniel asked about the developer’s experience in the Long Beach, if the developer owned the land, and the possibility of changing developers. President Bodek stated that the owner was not likely to change developers and has a long-term relationship with the developer. Further discussion ensued. Vice President Tolentino reviewed the status of Evergreen Apartments. Boardmember Weir asked if an analysis was done to determine whether it was better to apply for the 9% or the 4% tax credits. Vice President Tolentino stated that staff would look into which would be better. Vice President Tolentino stated that staff received a proposal for an acquisition and rehab project at 6301 Atlantic that has not been to the Board yet. Then she stated that 3361 Andy Street needs rehabilitation, which will include the relocation of some tenants. Further discussion ensued. Vice President Tolentino stated that two of the buildings in the Coronado project are completed and all the units are spoken for. Boardmember Gotz asked for clarification on whether that included all the units or just those units currently built. Vice President Tolentino stated that it included all the units for the project. Further discussion ensued.
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