24-707HA
| 3 | 4.1 | ELECTION OF OFFICERS | HA- Report | MOTION - ELECTION OF OFFICERS
RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Housing Authority elect a Chair and Vice-Chair to serve with a term of office commencing on August 26, 2024. | to appoint | Pass |
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24-707HA
| 3 | 4.1 | ELECTION OF OFFICERS | HA- Report | MOTION - ELECTION OF OFFICERS
RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Housing Authority elect a Chair and Vice-Chair to serve with a term of office commencing on August 26, 2024. | to appoint | Pass |
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24-509HA
| 1 | 8.1 | Draft Minutes - June 17, 2024 | HA- Minutes | Draft Minutes - June 17, 2024. | Approved as submitted. | |
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24-020HA
| 2 | 9.1 | PROCLAMATION - PROCLAMATION OF APPRECIATION FOR THOMAS LAPENNA | HA- Agenda Item | PROCLAMATION - PROCLAMATION OF APPRECIATION FOR THOMAS LAPENNA | presented | |
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24-018HA
| 1 | 12.1 | PENDING DEVELOPMENT PIPELINE UPDATE Provided for information. | HA- Agenda Item | PENDING DEVELOPMENT PIPELINE UPDATE Provided for information. | presented | |
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24-708HA
| 2 | 14.1 | BURBANK HOUSING DEVELOPMENT CORPORATION AND BURBANK HOUSING NEIGHBORHOOD REVITALIZATION CORPORATION’S REQUEST FOR A CONDITIONAL CONSOLIDATION, EXTENSION AND MODIFICATION OF LOAN TERMS FOR 2862 AND 2866 APPLE VALLEY LANE, 2870 AND 2874 APPLE VALLEY LANE, P | HA- Report | REPORT - BURBANK HOUSING DEVELOPMENT CORPORATION AND BURBANK HOUSING NEIGHBORHOOD REVITALIZATION CORPORATION’S REQUEST FOR A CONDITIONAL CONSOLIDATION, EXTENSION AND MODIFICATION OF LOANS FOR 2862 AND 2866 APPLE VALLEY LANE, 2870 AND 2874 APPLE VALLEY LANE, PAPAGO COURT, PAULIN CREEK, AND OLIVE GROVE APARTMENTS
BACKGROUND: The Housing Authority has provided loans to Burbank Housing Development Corporation and Burbank Housing Revitalization Corporation (Burbank Housing) for five affordable housing properties in the total principal amount of $13,868,472 representing a total of 228 units affordable to extremely low-, very low- and low-income households. The properties, identified as 2862 and 2866 Apple Valley Lane, 2870 and 2874 Apple Valley Lane, Papago Court, Paulin Creek and Olive Grove Apartments, are being consolidated into a “scattered site” application known as Apple Valley Scattered Sites to pursue tax exempt bonds and tax credits to access funds for rehabilitation of the project sites. The proposed consolidation includes a request to extend the terms of the loans to June 30, | to waive reading of the text and adopt | Pass |
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