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19-605HA
| 1 | 5.1 | Draft Meeting Minutes | HA- Minutes | August 26, 2019 - Draft Meeting Minutes | | |
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19-310HA
| 1 | 8.1 | Year End Financial Report | HA- Communication Item | HOUSING AUTHORITY FY 2018/19 QUARTER 4 (YEAR END) FINANCIAL REPORT- Provided for information. (This item is continued to a date uncertain) | | |
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19-311HA
| 1 | 8.2 | Monthly Activities Report | HA- Communication Item | HOUSING AUTHORITY MONTHLY ACTIVITIES REPORT - Provided for information. (This item is continued to a date uncertain) | | |
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19-819HA
| 1 | 9.1 | Lantana Place Homes Loan Modification | HA- Report | REPORT - BURBANK HOUSING DEVELOPMENT CORPORATION LOAN MODIFICATION REQUEST - LANTANA PLACE HOMES (2979 DUTTON MEADOW, FORMERLY 2975 DUTTON MEADOW) - APN 043-121-013 (This item is continued to a date uncertain)
BACKGROUND: Burbank Housing Development Corporation is requesting a loan modification to forgive the accrued interest, convert the interest rate of the secured Loan to zero percent until the units are sold, and reduce the encumbrance on the Property by $3,575,759 through a new, unsecured Promissory Note. The Housing Authority (Authority) has provided loans to Burbank Housing Development Corporation (BHDC) totaling $7,078,073 for Lantana Place Homes, a 48-unit homeownership project located at 2979 Dutton Meadow (Project). Since 2007, Lantana Place has evolved from a 100-unit multifamily rental complex to the current 48-unit homeownership project. The Project was recast as homeownership in 2017 to address: (a) the financing gaps for rental housing associated with the suspension of the state’s Multifamily Housing Program and the dissolution of statewide redevelopment programs, | | |
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