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Begins on
Wednesday, September 17, 2025
at 4:00 PM (PDT)
MEMBERS OF THE PUBLIC HAVE THE OPTION TO EMAIL COMMENTS TO MEGGAN.SORENSEN@LONGBEACH.GOV PLEASE VIEW THE MEETING FROM YOUR COMPUTER, TABLET, OR SMARTPHONE VIA: HTTPS://LONGBEACH.PRIMEGOV.COM/PUBLIC/PORTAL?FROMIFRAME=TRUE
REGULAR AGENDA
1. 25-56486 Recommendation to receive and file President’s Report. Suggested Action: Approve recommendation.
2. 25-56489 Recommendation to approve the minutes for The Long Beach Community Investment Company meeting of Wednesday, June 11, 2025. Suggested Action: Approve recommendation.
3. 25-56493 Recommendation to approve a loan in the total amount of $6,500,000 to Linc Armory, L.P. (Linc) for the development of the Armory Arts Collective located at 854 East 7th Street; Authorize President to negotiate an Affordable Housing Loan Agreement with Linc; and Authorize President to execute any and all documents necessary to implement the Loan Agreement. Suggested Action: Approve recommendation.
1. 25-56486 Recommendation to receive and file President’s Report. Suggested Action: Approve recommendation.
2. 25-56489 Recommendation to approve the minutes for The Long Beach Community Investment Company meeting of Wednesday, June 11, 2025. Suggested Action: Approve recommendation.
3. 25-56493 Recommendation to approve a loan in the total amount of $6,500,000 to Linc Armory, L.P. (Linc) for the development of the Armory Arts Collective located at 854 East 7th Street; Authorize President to negotiate an Affordable Housing Loan Agreement with Linc; and Authorize President to execute any and all documents necessary to implement the Loan Agreement. Suggested Action: Approve recommendation.
PUBLIC COMMENT
Opportunity to address The Long Beach Community Investment Company on non-agenda items. Each speaker is limited to three minutes to make their comments unless extended by the Chair.
I, Rosa Garibay, City Clerk Assistant, certify that the agenda was posted not less than 72 hours prior to the meeting.
NOTE: The agenda and supporting documents are available online at https://longbeach.gov/cityclerk/meetings. If a special accommodation is desired pursuant to the Americans with Disabilities Act, please contact (562) 570-3807 or (562) 570-6957.
Sep 17, 2025 The Long Beach Community Investment Company
MEMBERS OF THE PUBLIC HAVE THE OPTION TO EMAIL COMMENTS TO MEGGAN.SORENSEN@LONGBEACH.GOV PLEASE VIEW THE MEETING FROM YOUR COMPUTER, TABLET, OR SMARTPHONE VIA: HTTPS://LONGBEACH.PRIMEGOV.COM/PUBLIC/PORTAL?FROMIFRAME=TRUE
REGULAR AGENDA
1. 25-56486 Recommendation to receive and file President’s Report. Suggested Action: Approve recommendation.
2. 25-56489 Recommendation to approve the minutes for The Long Beach Community Investment Company meeting of Wednesday, June 11, 2025. Suggested Action: Approve recommendation.
3. 25-56493 Recommendation to approve a loan in the total amount of $6,500,000 to Linc Armory, L.P. (Linc) for the development of the Armory Arts Collective located at 854 East 7th Street; Authorize President to negotiate an Affordable Housing Loan Agreement with Linc; and Authorize President to execute any and all documents necessary to implement the Loan Agreement. Suggested Action: Approve recommendation.
1. 25-56486 Recommendation to receive and file President’s Report. Suggested Action: Approve recommendation.
2. 25-56489 Recommendation to approve the minutes for The Long Beach Community Investment Company meeting of Wednesday, June 11, 2025. Suggested Action: Approve recommendation.
3. 25-56493 Recommendation to approve a loan in the total amount of $6,500,000 to Linc Armory, L.P. (Linc) for the development of the Armory Arts Collective located at 854 East 7th Street; Authorize President to negotiate an Affordable Housing Loan Agreement with Linc; and Authorize President to execute any and all documents necessary to implement the Loan Agreement. Suggested Action: Approve recommendation.
PUBLIC COMMENT
Opportunity to address The Long Beach Community Investment Company on non-agenda items. Each speaker is limited to three minutes to make their comments unless extended by the Chair.
I, Rosa Garibay, City Clerk Assistant, certify that the agenda was posted not less than 72 hours prior to the meeting.
NOTE: The agenda and supporting documents are available online at https://longbeach.gov/cityclerk/meetings. If a special accommodation is desired pursuant to the Americans with Disabilities Act, please contact (562) 570-3807 or (562) 570-6957.
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