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REQUEST FOR HOUSING <br />4UTHORITY ACTION <br />EET~~I DATE# <br />NAY 2~, X447 <br />T~T~E: <br />RE~LUTI~N AUT~RIZIN~ THE <br />ISSUANCE ~F MULTI ~~'Ai~lILY H~UIN <br />RE~TENUE BANDS - ~ILIR~~N~I~IE <br />~~o~ECT <br />//~ ~ ~~. <br />XECUTEVE D CT~R <br />RECOMMENDED ACTION <br />RE~RDIN E~ETARY E ~NL,Y: <br />APPR~V~~ <br />^ As Re~~~me~n~ed <br />^ A Aen~ed <br />~~v~~~u~~To <br />Adopt ~ rosolution authorizing the issuance of multi-~a.~.1y housing <br />~~evenu~ bonds in an amount not to ooo~d 1,000,0~~ for the <br />. .~]iihire~~innie project and authorize the ~,~ocutivo Director of tho <br />. ous~.ng Authority to oxeouto ~~.~. dacu~.ents as necessary. <br />~ON~+lUNITY REDE~EL~PI+~NT D I~DUI1~ C~NIl~lII~N REC~N~-lE~iTI~~ <br />At its Regular Meeting of day ~~, 2~Q?, by a gate of 5:~ ~~'urn~r No, <br />Yanez absent}, the carunity Redv~lopmont ar~d Housing Commission <br />r~comr~ndod that t~ ~Iau~.ng Authority adapt a resolution authorizing tho <br />issuance of molt ~. ~ f ami 1 hotz ing rov~nue bands in an mount not to exceed <br />1~, aka, ODO far the ~Iilshire~Minni~ pro~oct ar~d authorize the Executive <br />Director of the I~ouig Authority to execute all dooum~nts as necessary. <br />~Iror~ <br />an Decon~be~ 18, 200, the city Council and Cor~munity Rode~~~.opent Agency <br />approved 1 eons in the amount of ~. ~ , 0 ~ r ~ Q ~ t a wi 1 Shiro IN~innie, L . P for <br />the acquisition and rehabilitation of sovor~ten apartment buildings <br />oantaininq 1~4 units located at 12D1, 129, 121, 1221, 1225, 1229, and <br />12 East Wilshire and 141, 14~ 1409, 141, 1421, 1425, 1429, 143, <br />147, and 1439 youth Minnie ~Exh~.bit 1}. The wilshirelNlinnie, ~.P. is <br />comprised of Ox~a~ge Housing Development Corparatlon, a non-profit <br />5~1 ~ c} ~ ~ , and ~ Developme.t on~pany, LLC . ~ part of the <br />rehabilitation, 2D of the units will be reconfigured to provide for two, <br />three and four bedroan~s. ~n addition, a co~nmunity~~.earnig renter wi11 be <br />~, <br />~:~ <br />