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YEAH, WE'RE READY.

[CALL TO ORDER]

[00:00:03]

OKAY.

I WOULD LIKE TO CALL THE LONG BEACH COMMUNITY INVESTMENT COMPANY MEETING TO ORDER FOR OCTOBER 15TH, 2025.

MADAM CLERK, PLEASE

[ROLL CALL]

CALL THE ROLE DIRECTOR, CHAMBERS DIRECTOR ESPARZA PRESENT, DIRECTOR LEWIS PRESENT, DIRECTOR EZ PRESENT DIRECTOR SITES VICE CHAIR REJO.

CHAIR RAMIREZ.

PRESENT.

AND FOR THE RECORD, VICE CHAIR REJO IS EXCUSED FROM THIS MEETING.

UM, ARE THERE ANY OBJECTIONS FROM THE COMMISSION? WE HAVE QUORUM.

OKAY.

THANK YOU.

UH, MAY I PLEASE VOLUNTEER

[PLEDGE OF ALLEGIANCE]

DIRECTOR, UH, EZ TO DO THE FLAG SALUTE.

OKAY.

MADAM

[1. 25-56735 Recommendation to receive and file President’s Report.       Suggested Action: Approve recommendation. ]

CLERK, PLEASE READ THE FIRST ITEM.

ITEM ONE IS A RECOMMENDATION TO RECEIVE AND FILE PRESIDENT'S REPORT.

MAY I HAVE A MOTION TO HEAR THIS ITEM? IT HAS BEEN MOVED BY DIRECTOR ESPARZA AND I'LL SECOND SECONDED BY, UH, CHAIR RAMIREZ.

I'LL TURN THINGS OVER TO STAFF FOR THE PRESIDENT'S REPORT.

UH, GOOD EVENING, UH, DIRECTOR.

SO JUST WANNA WELCOME RICHARD LEWIS, WELCOME TO YOUR, UH, NEW HOME, YOUR FIRST MEETING HERE WITH L-B-C-I-C.

UM, AND WE DON'T HAVE A LONG, UH, REPORT OR REALLY ANY REPORT, UM, THIS EVENING OTHER THAN TO GO THROUGH THE ITEMS, UM, THEMSELVES, WHICH REALLY ARE, UM, AN UPDATE ABOUT WHERE WE ARE, GOOD, BAD, AND OTHERWISE.

UM, AND, UH, I'M GONNA TURN IT OVER TO, UH, MEGAN AND WE ARE READY, UM, FOR THE NEXT ITEM.

OKAY.

ANY QUESTIONS ON THE REPORT? HEARING NONE, UH, AND THERE'S NO PUBLIC WE WILL MOVE ON TO THE NEXT ITEM, PLEASE.

UH, WE NEED A VOTE, PLEASE.

OH, YES, THANKS.

MOTION IS CARRIED.

THANK YOU.

PLEASE READ THE NEXT

[2. 25-56736 Recommendation to approve the minutes for The Long Beach Community Investment Company meeting of Wednesday, September 17, 2025.       Suggested Action: Approve recommendation. ]

ITEM.

ITEM TWO IS A RECOMMENDATION TO APPROVE THE MINUTES FOR THE LONG BEACH COMMUNITY INVESTMENT COMPANY MEETING OF WEDNESDAY, SEPTEMBER 17TH, 2025.

MAY I HAVE A MOTION FOR THIS ITEM? SO MOVED.

OKAY.

IT HAS BEEN MOVED BY DIRECTOR SIDES AND SECONDED BY DIRECTOR EZ UM, DIRECTORS.

ANY QUESTIONS OR CLARIFICATIONS FOR THE MINUTES? NONE.

THERE'S NO PUBLIC, SO MADAM CLERK, PLEASE CALL FOR THE VOTE.

MOTION IS CARRIED.

AND CAN THE RECORDS PLEASE SHOW THAT DIRECTOR SIDES IS, UH, PRESENT AS WELL? YES, PLEASE READ THE NEXT ITEM.

[3. 25-56737 Recommendation to receive and file report summarizing current and upcoming affordable housing projects and funding availability for future projects.       Suggested Action: Approve recommendation. ]

ITEM THREE IS A RECOMMENDATION TO RECEIVE AND FILE REPORT SUMMARIZING CURRENT AND UPCOMING AFFORDABLE HOUSING PROJECTS AND FUNDING AVAILABILITY FOR FUTURE PROJECTS.

MAY I HAVE A MOTION TO HEAR THIS ITEM? IT HAS BEEN MOVED BY DIRECTOR ESPARZA AND SECONDED BY DIRECTOR MDIS.

UM, STAFF MAY PLEASE HAVE THE PRESENTATION.

SURE.

YEAH, WE DON'T HAVE ANY, UM, ITEMS FOR BOARD ACTION THIS MONTH, BUT WE ARE THRILLED TO TAKE THE OPPORTUNITY JUST TO UPDATE YOU.

IT'S REALLY GOOD TIMING AS WE WELCOME RICHARD AND ALSO, UM, RUBEN IS RELATIVELY NEW TOO, SO WE CAN, UM, TALK ABOUT ALL OF THE GREAT THINGS WE HAVE GOING BOTH IN THE WORLD OF PROJECT CONSTRUCTION PROJECTS AND PROGRAMS. UM, AND SO CHEL STAAVA IS GOING TO BEGIN BY GIVING AN OVERVIEW OF OUR AFFORDABLE HOUSING DEVELOPMENTS.

[00:05:03]

ALRIGHT, GREAT.

GOOD AFTERNOON.

THIS REPORT HAS BEEN PREPARED TO PROVIDE A SUMMARY OF CURRENT AND UPCOMING AFFORDABLE HOUSING PROJECTS AND FUNDING AVAILABILITY.

ALL RIGHT.

THERE ARE CURRENTLY THREE NEW CONSTRUCTION, AFFORDABLE HOUSING PROJECTS BEING BUILT WITH FINANCIAL ASSISTANCE PROVIDED BY THE L-B-C-I-C.

ANOTHER FOUR PROJECTS ARE EXPECTED TO BREAK GROUND EARLY NEXT YEAR BETWEEN JANUARY AND APRIL.

AND THEN OUR FIVE ADDITIONAL PROJECTS THAT HAVE EXECUTED EXCLUSIVE NEGOTIATING AGREEMENTS WITH THE L-B-C-I-C AND ARE IN VARIOUS STAGES OF SECURING ENTITLEMENTS AND ADDITIONAL FUNDING.

THESE 12 PROJECTS COMPRISE WHAT STAFF REFER TO AS OUR PIPELINE PROJECTS.

300 ALAMEDA SENIOR HOUSING STARTED CONSTRUCTION IN NOVEMBER OF 2024 AND IS CURRENTLY UNDER CONSTRUCTION.

IT WILL PROVIDE 81 1 BEDROOM UNITS FOR SENIORS AGED 55 AND OVER WITH INCOMES UP TO 60% OF THE AREA.

MEDIAN INCOME, 40 OF THESE UNITS WOULD BE DESIGNATED FOR SENIORS WHO HAVE EXPERIENCED HOMELESSNESS.

THE L-B-C-I-C PROVIDED A $5 MILLION LOAN TO THE DEVELOPER MERCY HOUSING CALIFORNIA, AND THIS PROJECT IS ESTIMATED TO BE COMPLETED BY NOVEMBER OF 2026.

ALSO, CURRENTLY UNDER CONSTRUCTION IS THE 1 0 1 LOCATED AT 1 0 1 EAST PACIFIC COAST HIGHWAY.

THIS DEVELOPMENT WILL PROVIDE A FIVE STORY 52 UNIT PERMANENT SUPPORTIVE HOUSING PROJECT FOR HOUSEHOLDS THAT HAVE EXPERIENCED HOMELESSNESS.

THE 51 AFFORDABLE UNITS WILL BE ONE BEDROOM AND A TWO BEDROOM UNIT WILL RESERVE RESERVED FOR AN ONSITE MANAGER.

THE L-D-C-I-C PROVIDED A $4.1 MILLION LOAN TO DEVELOPER JAMBOREE HOUSING CORPORATION.

AND THIS PROJECT IS ALSO ESTIMATED TO BE COMPLETE BY NOVEMBER OF 2026.

THE THIRD PROJECT CURRENTLY UNDER CONSTRUCTION IS THE HABITAT FOR HUMANITY ORANGE AVENUE TOWN HOMES.

THIS INCLUDES CONSTRUCTION OF EIGHT TWO STORY TOWN HOMES TO BE SOLD TO LOW INCOME FIRST TIME HOME BUYERS.

FOUR UNITS WILL BE THREE BED, TWO AND A HALF BATH, AND FOUR UNITS WILL BE FOUR BED, THREE BATHS.

EACH TOWN HOME HAS A PRIVATE YARD AND TWO CAR GARAGE.

THE L-B-C-I-C PROVIDED A $717,000 LAND ACQUISITION LOAN TO DEVELOP OUR HABITAT FOR HUMANITY OF GREATER LOS ANGELES CONSTRUCTION ON THIS JUST BEGAN TWO WEEKS AGO AND THE PROJECT IS ESTIMATED TO BE COMPLETED ON AROUND JUNE OF 2027.

THESE TOWN HOMES ARE BEING BUILT ON THE FORMER SITE OF THE CITY OF LONG BEACH NORTH BRANCH LIBRARY.

THE NEXT FEW SLIDES HIGHLIGHT PROJECTS THAT WE EXPECT WILL BREAK GROUND BETWEEN JANUARY AND APRIL OF NEXT YEAR.

BUILT ON THE SITE OF THE FORMER LONG BEACH ARMORY.

THE ARMORY ARTS COLLECTIVE INCLUDES ADAPTIVE REUSE OF THE LONG BEACH ARMORY INTO 63 AFFORDABLE RENTAL UNITS FOR LOW INCOME SENIORS AGED 55 AND ABOVE 56 1 BEDROOM UNITS AND EIGHT TWO BEDROOM UNITS.

THE L-B-C-I-C WILL BE PROVIDING A $6.5 MILLION LOAN TO DEVELOPER LINK HOUSING AND CONSTRUCTION IS ESTIMATED TO BEGIN IN JANUARY OF 2026.

LINDEN APARTMENTS WILL PROVIDE LOCATED AT NINE 12 TO 9 46.

LINDEN AVENUE WILL PROVIDE NEW CONSTRUCTION OF 99 FAMILY RENTAL UNITS FOR HOUSEHOLDS EARNING UP TO 60% OF THE AREA MEDIAN INCOME AND ONE UNRESTRICTED MANAGER'S UNIT.

IT WILL INCLUDE 38 1 BEDROOM UNITS, 31 2 BEDROOM UNITS, AND 31 3 BEDROOM UNITS.

THE L-B-C-I-C PROVIDED A $6 MILLION LOAN TO DEVELOPER AMCAL.

MULTI-HOUSING AND CONSTRUCTION IS ESTIMATED TO BEGIN IN FEBRUARY OF 2026.

ANOTHER HABITAT FOR HUMANITY TOWN HOME PROJECT ALONG 15TH STREET WILL BE BREAKING GROUND, BREAKING GROUND IN MARCH OF 2026.

THIS WILL INCLUDE CONSTRUCTION OF SEVEN TWO STORY TOWN HOMES TO BE SOLD TO LOW INCOME FIRST TIME HOME BUYERS.

ALL SEVEN UNITS WILL BE THREE BED, TWO BATHS.

EACH TOWN HOME HAS A PRIVATE YARD AND TWO CAR GARAGE.

THE L-B-C-I-C PROVIDED A $560,000 LAND LOAN ACQUISITION, LAND ACQUISITION LOAN TO DEVELOPER HABITAT FOR HUMANITY OF GREATER LOS ANGELES AND CONSTRUCTION IS ESTIMATED TO BEGIN IN 20 OF 20 MARCH OF 2026.

FOUNTAIN STREET APARTMENTS WILL PROVIDE NEW CONSTRUCTION OF 73 FAMILY UNITS AFFORDABLE TO HOUSEHOLDS EARNING UP TO 60% OF AREA MEETING INCOME.

18 OF THESE UNITS WILL BE RESERVED FOR HOUSEHOLDS WITH A DISABILITY.

IT WILL INCLUDE 36 1 BEDROOM UNITS, 16 TWO BEDROOM UNITS, AND 21 3 BEDROOM UNITS.

THE L-B-C-I-C HAS PROVIDED A TOTAL LOAN OF $9,860,857 TO THE DEVELOPER LINK HOUSING CORPORATION.

THIS PROJECT IS ESTIMATED TO BEGIN CONSTRUCTION OF APRIL OF 2026 WITH COMPLETION ESTIMATED IN SPRING OF 2028.

THESE NEXT SLIDES HIGHLIGHT FUNDING AVAILABILITY FOR AFFORDABLE HOUSING DEVELOPMENT.

THE LOW AND MODERATE INCOME HOUSING ASSET FUND WAS ESTABLISHED IN 2012.

AFTER THE LONG BEACH REDEVELOPMENT AGENCY WAS OFFICIALLY DISSOLVED AND THE CITY BECAME THE HOUSING SUCCESSOR.

THE CITY THEN DELEGATED THE HAUSER SUCCESSOR FUNCTIONS TO THE L-B-C-I-C.

[00:10:02]

ELIGIBLE ACTIVITIES FOR THE USE OF THESE FUNDS INCLUDE NEW CONSTRUCTION OF RENTAL UNITS AND THE ACQUISITION AND REHABILITATION OF EXISTING APARTMENT PROJECTS FOR LOW AND MODERATE INCOME HOUSEHOLDS.

ALTHOUGH THE L-B-C-S-C HAS APPROVED LOW MODERATE INCOME HOUSING ASSET FUND LOANS AS RECENTLY AS THIS SUMMER, THESE FUNDS HAVE NOW BEEN DEPLETED.

THE PERMANENT LOCAL HOUSING ALLOCATION PROGRAM WAS CREATED IN 2017 TO ESTABLISH A PERMANENT SOURCE OF FUNDING TO INCREASE THE STATE'S AFFORDABLE HOUSING STOCK AS AN ENTITLEMENT JURISDICTION.

THE CITY OF LONG BEACH RECEIVES AN ANNUAL ALLOCATION, GENERALLY RANGING FROM 2 MILLION TO 5 MILLION.

ELIGIBLE ACTIVITIES INCLUDE DEVELOPMENT OF NEW MULTI-FAMILY RENTAL HOUSING OR SUBSTANTIAL REHABILITATION OF MULTI-FAMILY RENTAL HOUSING FOR HOUSEHOLDS EARNING UP TO 80% OF AREA MEDIAN INCOME.

THE COMMUNITY DEVELOPMENT BLOCK GRANT IS A FLEXIBLE PROGRAM THAT WAS CREATED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO PROVIDE COMMUNITIES WITH RESOURCES TO ADDRESS A WIDE RANGE OF COMMUNITY DEVELOPMENT NEEDS.

THE L-B-C-I-C HAS UTILIZED CDBG FUNDS FOR THE ACQUISITION OF PROPERTY TO BE DEVELOPED INTO AFFORDABLE HOUSING, ENSURING SITE CONTROL FOR THE SELECTED DEVELOPER.

THE HOME PROGRAM PROVIDES FORMULA GRANTS TO STATES AND LOCALITIES TO FUND ACTIVITIES INCLUDING ACQUISITION, CONSTRUCTION AND REHABILITATION OF AFFORDABLE HOUSING FOR LOW INCOME PERSONS.

IT IS THE LARGEST FEDERAL BLOCK GRANT DESIGNED EXCLUSIVELY TO CREATE AFFORDABLE HOUSING JUST ESTABLISHED IN 2025 THE LOS ANGELES COUNTY AFFORDABLE HOUSING SOLUTIONS.

AGENCY'S PURPOSE IS TO INCREASE THE SUPPLY OF AFFORDABLE HOUSING BY PROVIDING ENHANCED FUNDING AND TECHNICAL ASSISTANCE AT A REGIONAL LEVEL FOR RENTER PROTECTIONS, AFFORDABLE HOUSING PRESERVATION AND NEW AFFORDABLE HOUSING PRODUCTION FUNDING IS PROVIDED THROUGH MEASURE A AND IS USED TO SUPPORT HOMELESS SERVICES AND THE DEVELOPMENT OF AFFORDABLE HOUSING.

IN ADDITION TO THESE RECURRING FUNDING SOURCES, THE CITY HAS PREVIOUSLY APPLIED FOR AND BEEN AWARDED ONE-TIME FUNDS FROM THE FOLLOWING PROGRAMS, THE CALIFORNIA PRO HOUSING INCENTIVE PROGRAM, THE CALIFORNIA LOCAL HOUSING TRUST FUND MATCHING PROGRAM, AND THE AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES ASIC CAP AND TRADE PROGRAM.

THIS CONCLUDES THE PRESENTATION.

HAPPY TO ANSWER ANY QUESTIONS YOU MIGHT HAVE.

THANK YOU DIRECTORS.

ANY QUESTIONS ON THE PRESENTATION? UH, GOOD AFTERNOON EVERYONE ON JUST THAT LAST SLIDE.

UM, UH, YOU CAN GO BACK OR NOT, BUT YEAH, SO THE FUNDING, UM, I ASSUME ARE THERE ALL THREE FEDERAL OR IS ONE STATE OR HOW'S THE, JUST THE BREAKDOWN EACH THREE OF THOSE IF YOU COULD.

UH, ALL THREE OF THOSE FUNDING SOURCES ARE ACTUALLY FROM THE STATE OF CALIFORNIA.

OKAY.

THANK YOU.

JUST HAD A QUICK QUESTION.

CONGRATULATIONS.

FIRST OF ALL, IT SOUNDS LIKE THERE'S 140 UNITS THAT'LL BE COMING ON AFFORDABLE UNITS THAT'LL BE COMING ONLINE BY THE THIRD QUARTER OF NEXT YEAR.

SO THAT'S EXCITING PROGRESS.

IS THIS PRESENTATION AVAILABLE FOR US ON THE WEBSITE OR LINKED TO THE AGENDA? OR IF NOT, CAN WE GET THAT FORWARDED TO US? YEAH, IT WILL BE, UM, POSTED ON ONE MEETING, BUT ALSO WE'RE VERY HAPPY TO EMAIL IT TO YOU.

ALWAYS PRETTY PROUD OF OUR WORK AND ALL THE, UM, THINGS THAT KYLE'S DOING.

YEAH, IT'S A GREAT, GREAT SUMMARY OF ALL THE STUFF YOU'VE GOT GOING ON, SO THANK YOU.

YEAH, GOOD JOB ON THE PRESENTATION.

UM, JUST THE QUESTION ON LA CASA, LIKE HAVE YOU GUYS HEARD HOW THEY'RE GONNA BE DISTRIBUTING FUNDS THROUGHOUT THE COUNTY? YEAH, SO THERE'S, UH, THE WAY THE LA CASA MONEY WORKS, THERE'S MONEY THAT GOES DIRECTLY TO LONG BEACH, UM, AS WELL AS LA AND THEN THERE'S MONEY THAT WE CAN ALSO COMPETE FOR THAT IS IN A LARGER SORT OF COMPETITIVE, UM, BOX.

SO, UM, WE TOOK TO CITY COUNCIL, UM, OUR PIECE, WHICH IS ABOUT $5 MILLION THAT COMES DIRECTLY TO THE CITY.

UM, THAT'LL BE THROUGH MEGAN AND THE TEAM'S NORMAL NOFA PROCESS.

SO IN JANUARY WE'LL MAKE FUNDS AVAILABLE, UM, WHICH WILL INCLUDE, UM, THOSE LA CASA DOLLARS.

UM, THEY'RE KIND OF BUILDING THE PLANE, UM, AS THEY FLY IT.

SO, UM, THEY'RE, WE'VE BEEN WORKING WITH THEM AND GIVING A LOT OF COMMENTS ABOUT THE GUIDELINES ON HOW THOSE MONIES CAN BE SPENT.

UH, WE ENTERED INTO AN MOU WITH THEM.

UM, THE PART THAT DOESN'T COME DIRECTLY TO THE CITY, THERE'S LESS CERTAINTY ABOUT, UM, BUT THEY, UM, WILL BE DOING A COMPETITIVE PROCESS THAT IF NOT THE CITY, THE DEVELOPERS HERE WITHIN THE CITY WOULD BE ABLE TO COMPETE FOR EVEN THOUGH WE HAD ALREADY RECEIVED THE 5 MILLION, UM, DIRECTLY.

SO, UM, WE THINK THAT WE'LL BE VERY COMPETITIVE, UM, TO ACCESS THOSE FUNDS.

AND HOW DOES IT WORK? LIKE, DO WE HAVE A REPRESENTATIVE FROM LONG BEACH SITTING THERE? YEAH, THE MAYOR, MAYOR RICHARDSON IS THE, THE CHAIR OF

[00:15:01]

LA CASA.

OKAY.

SEMI UNRELATED.

BUT, UM, FOR THE NEW PROP, WAS IT 78 OR 72 THAT JUST PASSED, ARE WE STARTING TO LOOK AT PROPERTIES THAT WE COULD TAKE ADVANTAGE OF THAT? YEAH, SO SB 79, UM, OR 78 OR IT'S A NUMBER, UM, IT, UH, IT, IT IS PASSED AS PA UH, SIGNED BY THE GOVERNOR, BUT IT'S A DELAYED IMPLEMENTATION BILL, MEANING IT DOESN'T ACTUALLY GO INTO EFFECT UNTIL THE MIDDLE OF NEXT YEAR, UM, JULY 1ST.

SO THE PLANNING TEAM IS LOOKING AT THAT.

UM, I THINK IT'S GONNA HAVE SOME BIGGER IMPACTS IN, UH, OTHER CITIES THAN LONG BEACH.

SO IF YOU THINK OF LONG BEACH BOULEVARD AND THE A LINE, WE'VE ALREADY DONE A LOT OF PROJECTS AND UP ZONING, UM, ALONG THOSE CORRIDORS.

AND ACTUALLY, YOU KNOW, WITH THIS BODY I'VE BEEN TALKING ABOUT HOW DO WE GET INTO SOME OTHER LOCATIONS AND, UM, SO IT'S NOT GONNA MAKE A HUGE DIFFERENCE, BUT IT WILL, UM, AT THE MARGINS MAKE A DIFFERENCE.

IT'LL MAKE IT EASIER TO DO CERTAIN PROJECTS.

UM, SO WE'RE TAKING A LOOK AT THAT AND WE'LL HAVE MORE INFORMATION IN ABOUT TWO MONTHS.

OKAY.

UM, MADAM CLERK, PLEASE CALL FOR THE VOTE.

JUST FOR THE RECORD.

THERE IS NO PUBLIC COMMENT.

I APOLOGIZE.

MOTION IS CARRIED.

OKAY, THANK YOU.

PLEASE READ THE NEXT ITEM.

[4. 25-56738 Recommendation to receive and file report summarizing current and recent housing assistance programs for Long Beach residents.       Suggested Action: Approve recommendation. ]

ITEM FOUR IS A RECOMMENDATION TO RECEIVE AND FILE REPORT SUMMARIZING CURRENT AND RECENT HOUSING ASSISTANCE PROGRAMS FOR LONG BEACH RESIDENTS.

MAY I HAVE A MOTION TO HEAR? THIS ITEM HAS BEEN MOVED BY DIRECTOR SIDES AND SECONDED BY DIRECTOR M HARRIS.

UM, I'LL TURN THINGS OVER TO STAFF FOR THEIR REPORT HE HAS.

SO I'M PRETTY EXCITED TO HAVE THIS TEAM OF THREE WOMEN BEHIND ME.

THEY DON'T OFTEN GET TO COME AND SPEAK BEFORE YOU, SO THEY'RE ALL GONNA TAKE A LITTLE PIECE OF THIS AND, AND TAKE THEIR OPPORTUNITY TO, UM, BRAG ABOUT THE WONDERFUL PROGRAMS THAT THEY'VE WORKED REALLY HARD ON.

UM, WE HAVE STEPHANIE AND KELLY AND KATE AND, UM, LET THEM TALK ABOUT THEIR PROGRAMS AND YOU CAN ASK THEM QUESTIONS AFTER.

THANKS, MEGAN.

GOOD EVENING.

MY NAME'S STEPHANIE HARPER.

I'M A PROJECT MANAGER IN OUR HOUSING AND NEIGHBORHOOD SERVICES BUREAU, JOINED BY MY COLLEAGUES HERE.

UM, WE ARE A SMALL BUT MIGHTY TEAM OF THREE THAT MANAGE OUR HOUSING ASSISTANCE PROGRAMS, AND THESE ARE ALL PROGRAMS THAT ADDRESS HIGH PRIORITY COMMUNITY NEEDS AND ALSO HELP IMPLEMENT OUR, UM, OUR HOUSING ELEMENT PROGRAM.

SO WE'RE GONNA TELL YOU UPDATES TODAY ON OUR FIRST TIME HOME BUYER GRANT, WHICH HELPS FAMILIES, UM, BECOME HOMEOWNERS.

UH, WE KNOW THAT HOME OWNERSHIP IS, UM, PROVIDES HOUSING STABILITY AND IS A PATHWAY TO BUILDING EQUITY AND MULTI-GENERATIONAL WEALTH, ESPECIALLY IMPORTANT FOR OUR BIPOC COMMUNITIES.

UM, AND IN LONG BEACH WE'RE A CITY OF MAJORITY RENTERS AND SO THERE'S A REALLY STRONG LEVEL OF COMMUNITY INTEREST AND NEED FOR HELP TO GET FOLKS TO BECOME HOMEOWNERS.

UH, WE'RE ALSO WANNA UPDATE YOU ON OUR ROOF GRANT, WHICH HELPS VERY LOW INCOME HOMEOWNERS.

THESE ARE TYPICALLY SENIORS ON A FIXED INCOME, HELPS THEM REPAIR THEIR HOME, MAINTAIN THEIR HOME SO THEY CAN STAY HOUSED, UM, AND AGE IN PLACE.

UM, IN LONG BEACH, WE HAVE A VERY OLD HOUSING STOCK.

OVER 80% OF OUR HOMES ARE MORE THAN 50 YEARS OLD.

AND SO THERE'S A A HIGH LEVEL OF NEED FOR HELP WITH HOME REHAB TO MAKE SURE THAT OUR HOMES ARE SAFE AND AND MAINTAIN HABITABLE.

AND THEN LAST, WE'RE EXCITED TO TELL YOU ABOUT OUR A DU DEVELOPMENT LOAN, WHICH IS A PILOT PROGRAM TO INCENTIVIZE HOMEOWNERS TO BUILD AN AFFORDABLE RENTAL UNIT ON THEIR PROPERTY.

UM, LONG BEACH IS A LEADER IN THE STATE WHEN IT COMES TO A DU DEVELOPMENT AND ADUS HAVE BECOME AN IMPORTANT PART OF OUR NEW HOUSING STOCK.

SO WE'RE EXCITED ABOUT THIS NEW PROGRAM.

SO I'M GONNA KICK US OFF BEFORE I TURN IT OVER TO KELLY AND KATE AND TELL YOU FIRST ABOUT OUR, UM, HOME BUYER PROGRAM.

SO WE LAUNCHED THIS IN 2023 AND ACTUALLY JUST CLOSE THE PROGRAM LAST MONTH.

UM, THIS PROGRAM PROVIDED GRANTS FOR DOWN PAYMENT AND CLOSING COST ASSISTANCE TO HELP FAMILIES BUY THEIR FIRST HOME.

IT WAS FUNDED WITH FEDERAL DOLLARS THAT WAS PART OF THE LONG BEACH RECOVERY ACT.

THAT WAS, UM, THE CITY'S COVID-19 RECOVERY PLAN, SO FEDERAL ARPA DOLLARS FOR THIS PROGRAM.

AND IN

[00:20:01]

TOTAL WE AWARDED 1.8 MILLION IN GRANTS TO 76 HOUSEHOLDS TO BUY THEIR FIRST HOME.

AND THE PICTURE THAT YOU SEE HERE IS ACTUALLY THE VERY FIRST FAMILY THAT WAS AWARDED A GRANT.

THEY CLOSED ESCROW IN MAY OF 2023.

SO THE PROGRAM WAS FOCUSED ON HELPING FOLKS WHO ARE TRADITIONALLY UNDERREPRESENTED IN HOME OWNERSHIP.

AND SO WHAT THAT MEANT IS TO BE ELIGIBLE FOR THE GRANT, YOU NEEDED TO BE BOTH A FIRST TIME HOME BUYER AND A FIRST GENERATION HOME BUYER, MEANING THAT YOUR PARENTS HADN'T OWNED A HOME OR IF THEY DID OWN A HOME, THEY HAD LOST THAT HOME DUE TO FORECLOSURE OR SHORT SALE.

UM, FOR THE FIRST YEAR OF THE PROGRAM, WE OPENED IT UP INITIALLY ONLY TO PEOPLE WHO LIVED IN, UH, COMMUNITY DEVELOPMENT BLOCK GRANT OR CDBG AREAS.

THOSE ARE AREAS OF LONG BEACH.

THEY'RE DESIGNATED BY THE FEDERAL GOVERNMENT.

IT'S MAJORITY, UM, LOW TO MODERATE INCOME HOUSEHOLDS.

IT'S OUR NEIGHBORHOODS THAT TRADITIONALLY HAVE SEEN LESS INVESTMENT.

UM, AND WE OPENED IT UP AT, FOR HOUSEHOLDS AT 150% OF THE AREA MEETING INCOME.

SO WE DID THAT FOR THE FIRST YEAR TO BE ABLE TO PRIORITIZE THE ASSISTANCE TO PEOPLE WHO MIGHT NEED IT THE MOST.

AND THEN IN 2024, WE, UM, EXPANDED THE PROGRAM.

SO WE WENT CITYWIDE, WE INCREASED THE HOUSEHOLD INCOME LIMIT TO 200%, AND THEN WE INCREASED THE GRANT AMOUNT FROM 20,000 TO 25,000 TO HELP OFFSET THE RISING HOUSING COSTS.

IT WAS A VERY CHALLENGING TIME TO BUY IN A HOME IN THE LAST COUPLE YEARS.

THE MAP HERE SHOWS YOU OUR CDBG AREAS.

IT'S ABOUT HALF THE CITY NORTHWEST AND CENTRAL LONG BEACH.

UM, EVEN AFTER EXPANDING THE PROGRAM CITYWIDE, WE WERE REALLY HAPPY THAT THE GRANT STILL CONTINUED TO SERVE FOLKS FROM CDBG AREAS.

SO OVER 80% WERE FROM CDBG AREAS.

UM, PEOPLE WHO RECEIVED THE GRANT AND THEN FOLKS WHO ARE AWARDED THE GRANT USE THAT GRANT TO BUY HOMES IN EVERY SINGLE COUNCIL DISTRICT.

UM, THIS MAP SHOWS YOU WHERE THEIR NEW HOME THAT THEY PURCHASED IS LOCATED.

UM, YOU'LL NOTICE WE'RE SEEING MORE FOLKS BUYING IN DOWNTOWN IN LIKE OUR ALAMEDA BEACH AREA AND DISTRICTS ONE AND TWO.

NOTHING IN THIS MAP WAS SURPRISING TO US.

THAT'S SHOWING YOU AREAS WHERE WE HAVE MORE CONDOS, WHICH ARE TYPICALLY LESS EXPENSIVE THAN SINGLE FAMILY HOMES, MORE ACCESSIBLE FOR YOUR FIRST TIME HOME BUYER.

AND THEN WE HAVE MORE SINGLE FAMILY HOME PURCHASES AND NORTH WEST AND CENTRAL LONG BEACH, WHICH AGAIN, ARE LESS EXPENSIVE THAN HOMES IN EAST LONG BEACH OR BELMONT SHORES, THOUGH WE DID HAVE, AGAIN, UM, PEOPLE BUY HOMES EVERYWHERE IN THE CITY.

AND WE RECENTLY, UM, CONDUCTED A SURVEY WITH EVERYONE WHO APPLIED FOR THE PROGRAM TO GET THEIR FEEDBACK OVERALL.

ONE OF THE QUESTIONS WE ASKED THEM WAS, HOW DID THE GRANT HELP YOU PURCHASE YOUR HOME? AND SO I HAVE A COUPLE OF QUOTES HERE WE WANTED TO SHARE, AND I'LL GIVE YOU JUST A MINUTE TO READ THIS SLIDE.

AND THEN ONE MORE SET OF QUOTES HERE AND WE'LL CLOSE OUT WITH THIS.

A FUN FACT ABOUT THE, UM, COUPLE THAT YOU SEE HERE, THE FAMILY IN THAT PHOTO.

UM, THEY HEARD ABOUT THE PROGRAM BECAUSE THEY, THE, UM, THE GENTLEMAN IS A, UH, KAMAI TRANSLATOR FOR THE CITY CONTRACTED.

AND SO HE WAS DOING THE TRANSLATION FOR THE COMMUNITY WORKSHOPS THAT WE PROVIDED TO LET PEOPLE KNOW ABOUT THE PROGRAM AS WE WERE ROLLING IT OUT AND SAVED THE FLYER AND TUCKED IT AWAY UNTIL HIS FAMILY WAS READY TO PURCHASE AND THEN APPLIED FOR THE PROGRAM.

AND WE WERE REALLY EXCITED TO HELP THEM GET INTO THEIR FIRST HOME.

OKAY, I AM GONNA TURN THE MIC OVER TO MY COLLEAGUE KATE, WHO'S GONNA TELL YOU ABOUT OUR ROOF GRANT PROGRAM.

UM, GOOD AFTERNOON.

MY NAME IS KATE SCHIFFMAN AND I AM THE COORDINATOR FOR THE HOME IMPROVEMENT ROOF GRANT PROGRAM.

UH OH, THANK YOU.

YEAH, THANK YOU.

.

UH, THE HOME IMPROVEMENT ROOF GRANT PROGRAM PROVIDES GRANT, PROVIDES GRANTS TO ELIGIBLE HOMEOWNERS TO REHABILITATE OR REPLACE THEIR AGING AND DETERIORATED, DETERIORATED HOME ROOFS.

THE GOAL OF THE HOME IMPROVEMENT ROOF GRANT PROGRAM IS TO IMPROVE THE QUALITY OF LIFE FOR VERY LOW INCOME PROPERTY OWNERS, SPECIFICALLY THOSE ON A FIXED INCOME SUCH AS OLDER ADULTS BY HELPING HOMEOWNERS ACQUIRE A SAFE AND CO COMPLIANT ROOF.

UH, THIS PROGRAM IS FUNDED BY FEDERALLY FEDERAL COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS.

UH, IN MANY CASES OUR GRANT RECIPIENTS ARE OLDER ADULTS THAT HAVE LITTLE TO NO RESOURCES AVAILABLE TO ADDRESS MAINTENANCE NEEDS.

PROVIDING A NEW ROOF HELPS KEEP OUR RESIDENTS HOUSED AND EXTEND THE LIFESPAN OF THEIR HOME.

SINCE THE PROGRAM LAUNCHED IN 2023, WE HAVE COMPLETED 84 ROOF REHABILITATIONS AMOUNTING TO OVER $1.9 MILLION.

THERE ARE CURRENTLY 39 ACTIVE APPLICATIONS IN VARIOUS STAGES OF THE

[00:25:01]

PIPELINE WITH AN ADDITIONAL 58 APPLICANTS ON OUR WAIT LIST.

SINCE THIS POWERPOINT WAS CREATED, WE RECEIVE ON AVERAGE TWO NEW APPLICATIONS PER WEEK.

THE HOMEOWNER, I'M SORRY, THE HOME IMPROVEMENT ROOF GRANT PROGRAM IS ELIGIBLE TO OWNER OCCUPIED SINGLE FAMILY RESIDENT HOMEOWNERS WITH A PRIORITY TO THOSE LOCATED IN CDBG CENSUS TRACKS, SPECIFICALLY HOUSEHOLDS EARNING UP TO 50% A MI.

APPROXIMATELY 40% OF THE HOUSEHOLDS ARE EXTREMELY LOW INCOME.

TWO THIRDS ARE OLDER ADULTS AND OUR APPLICANTS ARE RACIALLY AND ETHNICALLY DIVERSE WITH ONE THIRD BEING LATINO, ONE THIRD AFRICAN AMERICAN, AND ONE THIRD OTHER.

HERE YOU WILL SEE A MAP WHICH SHOWS WHERE THE ROOF REHABILITATION ARE LOCATED, MOST OF WHICH TOOK PLACE IN COUNCIL DISTRICT SEVEN, EIGHT, AND NINE.

THIS NEXT SLIDE SHOWS BEFORE AND AFTER PHOTOS FOR ONE OF OUR PROGRAM RECIPIENTS.

WHILE THIS SLIDE SHOWS TWO HOMES THAT ARE MID REHAB, HERE, YOU'LL FIND FEEDBACK RECEIVED FROM VARIOUS RECIPIENTS OF THE HOME IMPROVEMENT ROOF GRANT PROGRAM.

I'LL GIVE YOU A MOMENT TO READ THOSE AND THEN NEXT KELLY WILL DISCUSS OUR A DU PROGRAM.

THANK YOU.

GREAT.

UM, HELLO, I'M KELLY PELLI AND I'M THE COORDINATOR OF THE BACKYARD BUILDERS A DU LOAN PROGRAM.

UM, IN NOVEMBER, 2024, THE L-B-C-I-C APPROVED FUNDING FOR THIS PILOT.

UH, THE PILOT WAS CREATED TO INCENTIVIZE HOMEOWNERS TO CREATE AN AFFORDABLE RENTAL UNIT ON THEIR PROPERTY.

IT IS AN UP TO $250,000 LOW INTEREST LOAN.

UH, WE ALSO PROVIDED TECHNICAL ASSISTANCE, A PROJECT MANAGER TO THE HOMEOWNERS TO HELP WITH THE DEVELOPMENT.

UM, IN EXCHANGE FOR FAVORABLE LOAN TERMS, THEY MUST EX, THEY MUST RENT THE UNIT TO SOMEONE WITH A PROJECT BASED VOUCHER FOR A MINIMUM OF FIVE YEARS.

AND TO ENSURE, UM, THAT THEY ARE, UM, COMPLIANT WITH THIS, WE DID RECORD AN AFFORDABILITY COVENANT ON THEIR PROPERTY.

UH, THIS PHOTO HERE YOU'LL SEE IN A DU IN PROCESS.

UM, STAFF DID EXTENSIVE MARKETING AND OUTREACH FOR THIS PROGRAM.

WE DID SEVERAL IN-PERSON AND ONLINE WEBINARS.

UM, A COUPLE NEWS OUTLETS ALSO PICKED UP THE PROGRAM AND WE HAD MORE THAN 400 APPLICATIONS RECEIVED FOR 10 SLOTS.

SO A VERY POPULAR PROGRAM.

UM, WE SELECTED BORROWERS THROUGH A RANKED LOTTERY BASED ON THEIR PROGRESS.

SO WHAT THAT MEANS IS IF SOMEONE, FOR EXAMPLE, ALREADY HAD PERMITS, BUT THEY HADN'T STARTED CONSTRUCTION, UM, THEY WERE MORE LIKELY TO GET SELECTED FOR THE GRANT.

UM, STAFF DID THIS APPROACH BECAUSE WE THOUGHT IT WOULD ALLOW FOR AFFORDABLE UNITS TO BE COMPLETED FASTER.

UM, MUCH OF THE AFFORDABLE HOUSING IN LONG BEACH IS, UM, CONCENTRATED, CONCENTRATED IN A FEW AREAS OF THE CITY.

UH, SO WE WERE HAPPY TO SEE THAT THESE PARTICIPANTS ARE ACTUALLY SPREAD ALL THROUGHOUT THE CITY.

UM, SOME DETAILS OF THE PROGRAM, SO WE ACTUALLY HAVE ONE A DU COMPLETED SO FAR AND THEY'RE LEASING UP NOW.

WE HAVE FOUR THAT SHOULD BE COMPLETED BY THE END OF THE YEAR, AND THE OTHER FIVE ARE FINALIZING THEIR DESIGNS.

UM, WE WILL HAVE FIVE ONE BEDROOM UNITS, FOUR, TWO BEDROOMS AND ONE THREE BEDROOM.

FIVE OF THEM ARE NEW CONSTRUCTION AND FIVE OF THEM ARE GARAGE CONVERSIONS.

AND SOME OF THE GARAGES ADDED SOME SQUARE FOOTAGE.

AND THIS PHOTO HERE, YOU'LL SEE A GARAGE CONVERSION.

JUST GETTING STARTED, UM, A LITTLE ABOUT THE FUTURE.

A DU TENANTS, LIKE I SAID, THEY MUST COMMIT TO RENTING TO SOMEONE FROM THE PROJECT BASED VOUCHER WAITING LIST.

UM, THAT GOES THROUGH THE HOUSING AUTHORITY.

UM, SO ON THAT LIST, YOU MUST BE A LONG BEACH PRESIDENT.

YOU MUST MEET THE INCOME REQUIREMENTS OF THE HOUSING AUTHORITY, AND THEN THE TENANT PAYS 30% OF THEIR INCOME AS RENT.

UM, THE WAY THAT THE HOUSING AUTHORITY PRIORITIZES THEIR LIST IS PEOPLE AGE 62 AND OLDER PEOPLE LIVING WITH A DISABILITY AND VETERANS ARE PRIORITIZED.

UM, AND THEN I JUST HAVE A FEW PHOTOS OF PROGRESS AND THEN WE'LL TAKE ANY, UH, QUESTIONS THAT YOU HAVE.

SO HERE'S A GARAGE CONVERSION WITH SOME ADDED SQUARE FOOTAGE.

UM, THIS UNIT'S NICE, IT HAS IN OWN PRIVATE ENTRANCE AND A SMALL YARD ON THE SIDE, PRIVATE YARD FOR THE TENANT.

UM, HERE'S SOME OTHER PHOTOS.

THIS SHOWS ANOTHER PRIVATE ENTRANCE, UM, WITH THE LETTER A.

UM, THIS ONE ALSO HAS A SMALL YARD.

UM, ON THE RIGHT YOU'LL JUST SEE SOMETHING IN PROGRESS WHERE THEY HAVE THE APPLIANCES IN, BUT THEY'RE FINISHING UP SOME DETAILS.

UM, HERE IS A PICTURE OF ONE OF THE COMPLETED A DU, SO BRAND NEW SPARKLING WHITE LOOKS REALLY NICE AND

[00:30:01]

UM, I KNOW THE TENANTS THAT VISITED THAT PROPERTY ARE REALLY EXCITED.

UM, HERE IS, UM, AN A DU THAT'S ALMOST FINISHED.

THIS IS A ONE BEDROOM GARAGE CONVERSION.

AND HERE'S MY LAST PHOTO.

THIS IS OUR FIRST COMPLETED A DU.

SO THIS IS, UM, A NEW CONSTRUCTION BUILD.

YOU CAN SEE IT'S BEHIND THEIR GARAGE.

AND THIS, UM, HOMEOWNER ACTUALLY USED ONE OF THE PRE-APPROVED DESIGNS THAT ARE ON OUR WEBSITE.

AND SO SHE SAVED A LOT OF MONEY AND TIME ON THIS A DU.

AND THAT'S MY FINAL PHOTO, SO ANY OF US WILL TAKE ANY QUESTIONS YOU HAVE.

THANKS.

THANK YOU.

UH, DIRECTORS, ANY QUESTIONS ON THE REPORT? UH, I HAVE A QUESTION FOR THE A DU.

SO WHEN THE, THE CITY PROVIDES SOMEONE TO ASSIST THEM, LIKE A PROJECT MANAGER TO KIND OF HELP GUIDE THEM THROUGH THE PROCESS? YES, THAT'S RIGHT.

MM-HMM .

THE, AND THOSE GARAGES, I KNOW A LOT OF THEM DON'T HAVE, I'M, I'M JUST CURIOUS HOW THEY'RE CONNECTING TO, TO PROVIDE BATHROOMS FOR SEWER LINES.

THEY USUALLY RUN TOWARD THE STREET.

SO THAT'S LIKE AN EXPENSIVE COST.

IS THAT PART OF THE LOAN PROGRAM OR IS THAT PART OF THAT, UM, BORN ON THE PERSON? UM, YES, THAT'S AN ELIGIBLE COST.

SO THE LOAN GOES UP TO 250.

NOT EVERYONE IS USING THE FULL TWO 50.

THERE ARE A FEW THAT ARE OVER TWO 50, SOME OF THE TWO BEDROOMS. AND SO IN THAT CASE, THE HOMEOWNER HAD TO COME IN WITH THEIR OWN FUNDS.

AND SO THAT'S SOMETHING THE PROJECT MANAGER HAS HELPED THE HOMEOWNER LOOK AT THEIR BUDGET AND ALSO STAFF TO MAKE SURE IT'S REASONABLE AND IT'S ALL WITHIN BUDGET AND THAT THERE WON'T BE ANY BUDGET OVERAGES IN THE END.

THANK YOU.

YEAH.

HI.

I HAVE A QUESTION ABOUT THE DIFFERENCE IN THE PROJECTS WITH THE FIVE CONVERSIONS VERSUS NEW CONSTRUCTION AND MOVING FORWARD WITH THE PROGRAM.

UM, WOULD BOTH ALLOWED OR, UM, WAS THERE AN ADVANTAGE OR OBVIOUSLY THE COST I WOULD IMAGINE WAS DIFFERENT THERE? MM-HMM .

UM, YES.

I MEAN WE'VE SEEN THAT THE GARAGE CONVERSIONS ARE, UM, CHEAPER AND TAKE LESS TIME IT SEEMS LIKE SO FAR.

UM, RIGHT NOW WE DO NOT HAVE ADDITIONAL FUNDING FOR THE PROGRAM, SO WE ARE SEEKING ADDITIONAL FUNDS.

WE DID APPLY FOR SOME FUNDS FROM THE STATE, UM, BUT RIGHT NOW THIS IS A PILOT PROGRAM AND, AND WE'RE LEARNING FROM IT AND WE, WE HOPE TO DO MORE.

AS YOU SAW THERE WAS 400 APPLICATIONS, SO LOTS OF INTEREST.

SO IN THE PROCESS THOUGH, I MEAN, WHAT, WHAT DID WE LEARN FROM THE DIFFERENCE IN, IN, IN DOING IT, YOU KNOW, IN ALLOWING BOTH.

YES.

YEAH, SO I MEAN, I THINK GIVING THE INDIVIDUAL, UM, HOMEOWNER CHOICE IS IMPORTANT.

I THINK WE LEARNED SOME THINGS THAT MAY SOUND COUNTERINTUITIVE.

THE CONVERSION IS CHEAPER, BUT NOT NEARLY AS CHEAP AS YOU MIGHT IMAGINE.

UM, SO THERE ARE SOME ADVANTAGES TO THE GROUND UP CONSTRUCTION.

UM, SOME OF THE CONVERSIONS HOLD SURPRISES.

SO, UH, ONCE YOU'VE OPENED UP THE WALLS, YOU MAYBE HAVE TO REDO MORE SYSTEMS THAN YOU THOUGHT.

UM, YOU KNOW, IF A GARAGE IS A SLAB ON GRADE THAT MAY NOT WORK AS A FOUNDATION THAT CAN SUPPORT THE WEIGHT OF THE A DU AND FLOORING AND AN AIR CONDITIONER AND ALL OF THAT.

SO, UM, AND PARKING'S NOT REQUIRED FOR AN A DU, BUT IF YOU KEEP YOUR GARAGE, THAT IS PARKING EITHER FOR THE MAIN STRUCTURE OR OR FOR THE A DU.

SO I THINK, UM, THOSE ARE ALL THINGS THAT WE EXPERIENCED AND I THINK THE CONVERSIONS ARE NOT ALWAYS SUPERIOR.

AND I THINK IF MONEY FELL FROM THE SKY AND WE WERE ABLE TO CONTINUE THE PROGRAM, UM, WE WOULD WANT TO PROVIDE PEOPLE CHOICES, BUT VERY MUCH SUPPORT THE FULL NEW BUILD OPTION BECAUSE IN MANY WAYS IT'S SUPERIOR.

YEAH, MINES NOT A QUESTION, BUT IT'S A COMPLIMENT.

THANK YOU SO MUCH FOR COMPILING ALL OF THIS INFORMATION.

IT'S JUST A REALLY HELPFUL RESOURCE FOR THE NEWBIES AND REFRESH FOR US OLD TIMERS.

SO THANK YOU AND ALSO APPRECIATED, UM, THE COLOR IN THE PRESENTATION.

SO I, IT WAS ONE THING TO READ IT IN THE PACKET AND THANK YOU FOR YOUR ADDING THE COLOR.

UM, MY QUESTION IS FOR KATE, I BELIEVE, AND IT PERTAINS TO THE ROOF, UH, GRANT YES.

PROGRAM THAT ENDED IN SEPTEMBER, UM, TWO YEAR PROGRAM.

IS THAT SOMETHING THAT MIGHT COME BACK IN THE FUTURE OR JUST, IT DEPENDS ON, YOU KNOW, THE, UH, THE GOOD, YOU KNOW, UH, OVERALL ANALYSIS OF IT OR HOW'S THAT? UM, SO THE, THE HOME BUYER PROGRAM, THE HOME BUYER GRANT ACTUALLY WAS THE ONE THAT JUST ENDED SEPTEMBER.

OUR ROOF ONE IS ONGOING.

OKAY.

THANK YOU FOR THAT CLARITY.

YEAH.

SO DID YOU WANT MORE INFORMATION ON THE HOME BUYER ONE OR, WELL, YEAH, SINCE IT ENDED IN SEPTEMBER, I MEAN, IS THAT SOMETHING AGAIN, AFTER ANALYSIS AND REVIEW AND SOMETHING LIKE THAT, THAT MIGHT, UH, OPEN IT AGAIN FOR ANOTHER

[00:35:01]

TWO YEAR? WELL, OH, WE USED COVID, UH, MONEY AND, UH, ONE TIME MONEY, UH, LOAN REPAYMENT MONEY FOR THAT PROGRAM.

SO EVERYONE ON STAFF HERE, WE WOULD LOVE TO HAVE A HOME BUYER PROGRAM.

I THINK, UM, THE MEMBERS OF THE COUNCIL, THE MAYOR WOULD LOVE TO HAVE A HOME BUYER PROGRAM.

WE NEED A LITTLE HELP, UH, WITH OUR FRIENDS AT THE STATE.

UM, STATE MONIES REALLY ARE LIMITED TO 80% OF A MI OR AT MOST, YOU KNOW, SOMETIMES A HUNDRED, 120%.

YOU KNOW, WE WERE ASSISTING PEOPLE AT 150% ALL THE WAY UP TO 200% OF A MI, UM, WHICH MAY SOUND LIKE A LOT, BUT IN A CITY WITH MILLION DOLLAR HOMES THAT ARE TEAR DOWNS, IT'S NOT.

UM, AND WE'RE, WE'RE TRYING TO GET PEOPLE INTO HOME OWNERSHIP AND KIND OF PERMANENTLY MOVE THEM INTO MIDDLE CLASS AND PROVIDE STABILITY AND WE'RE NOT BUYING THE HOME FOR THEM.

WE'RE GIVING THEM A LITTLE BIT OF HELP TO GET THEM ACROSS THE FINISH LINE.

SO WE THINK THAT'S TOTALLY APPROPRIATE.

UM, BUT SOME OF THE CONDITIONS ATTACHED TO THE MONEY WE GET FROM THE STATE REALLY DOESN'T ALLOW US TO DO THAT.

THAT WAS KIND OF A SPECIAL, ALL THE STARS ALIGNED THAT WE WERE ABLE TO MAKE THIS, UM, PROGRAM WORK AND THERE WAS SOME, UM, COVID MONEY THAT BASICALLY HAD NO RESTRICTIONS AT ALL ON IT.

UM, WHICH REALLY HELPED US.

OUR HOPE IS THAT THIS PROGRAM DEMONSTRATES RESULTS AND THAT WE CAN GO BACK TO THE DECISION MAKERS, UM, TO HOPEFULLY RECONSIDER SOME OF THE INCOME CAPS, UM, BECAUSE WE DO THINK THAT THOSE FOLKS ARE, ARE IN NEED AND PART OF OUR TOTAL HOUSING PICTURE IS BEING ABLE TO TO HELP THEM AS WELL.

THANK YOU FOR THAT.

UH, MR. COUTTS, I JUST WANNA BE ABLE TO ANSWER QUESTIONS, YOU KNOW, INTELLIGENTLY AND WRAP MY HEAD AROUND IT.

THANK YOU FOR THE PRESENTATION TOO.

VERY INFORMATIVE, LEARNED A LOT.

SORRY ABOUT MIXING UP NAMES AND NOTES AND THINGS, SO APPRECIATE IT.

AGAIN, WELL DONE ON THE PRESENTATION, UM, ON THE HOUSING ASSISTANCE PROGRAM.

UM, GREAT JOB ON THAT.

CONSIDERING THE CHALLENGING INTEREST RATE ENVIRONMENT THAT YOU GUYS WERE OUT THERE, AND I'M SURE THAT PROGRAM WAS EVEN MORE HELPFUL TO AVERAGE BETWEEN YOUR LOAN AND ANY OTHER ASSISTANCE THEY HAD.

WAS THERE AN EDUCATION COMPONENT IN THAT PROGRAM AS WELL? THERE WAS, YEAH.

UM, HOME, LIKE THE GRANTEES WERE REQUIRED TO DO AN EIGHT HOUR FIRST TIME HOME BUYER ASSISTANCE COURSE OFFERED THROUGH A HUD APPROVED HOUSING COUNSELING AGENCY IN ORDER TO BE ELIGIBLE FOR IT.

THAT'S FANTASTIC.

I FEEL LIKE THAT'S ALWAYS THE BIGGEST CHALLENGE.

MM-HMM .

PEOPLE WILL, YOU KNOW, FIND A WAY OF COMING UP WITH THEIR DOWN PAYMENT AND THEN, YOU KNOW, ARE TAKEN ADVANTAGE OF SO OFTEN BY LENDERS OR OTHER PEOPLE THAT ARE OUT THERE THAT, UH, DON'T NECESSARILY HAVE THEIR BEST INTEREST.

AND I DON'T KNOW IF WE CAN, YOU KNOW, IF WE'LL FIND FUNDING IN THE FUTURE FOR ADDITIONAL PROGRAMS LIKE THAT, BUT SOME KIND OF EDUCATIONAL COMPONENT THAT WE COULD OFFER FIRST TIME HOME BUYERS WOULD, WOULD REALLY BE A VALUABLE TOOL.

UM, AND THEN I UNDERSTAND THE ROOFING PROGRAM THAT FUNDING SOURCE IS ONGOING FOR RIGHT NOW.

WE HAVE COMMITTED OUR CURRENT FUNDING UNDER THE FEDERAL CDBG, SO WE ARE, UM, ACCEPTING APPLICATIONS FOR A WAIT LIST.

THERE'S SOME CHANGES IN THE FEDERAL LEVEL YOU MAY HAVE HEARD.

AND SO WE'RE WAITING TO SEE WHAT FUTURE ALLOCATIONS MIGHT LOOK LIKE, BUT RIGHT NOW WE'VE, WE'VE COMMITTED THE FUNDING TRANCHE THAT WE HAVE.

UNFORTUNATELY THERE'S A REALLY HIGH NEED FOR THIS PROGRAM, SO WE HOPE TO CONTINUE IT.

YEAH, THAT'S FANTASTIC.

AND THEN, UM, AND THE A DU PROGRAM RIGHT NOW, THOSE FUNDS HAVE EXPIRED.

YEAH, WE'VE CLOSED THAT DOWN.

ALRIGHT, WELL EXCELLENT PRESENTATION.

THANK YOU AND GOOD JOB.

OKAY.

UM, WE DO NOT HAVE A PUBLIC TO COMMENT, SO DIRECTORS, UH, IF THERE'S NO FURTHER DISCUSSION MADAM CLERK, PLEASE CALL FOR THE VOTE.

MOTION IS CARRIED.

OKAY, THANK YOU.

PLEASE

[5. 25-56740 Recommendation to receive and file Community Outreach Report.       Suggested Action: Approve recommendation. ]

READ THE NEXT ITEM.

ITEM FIVE IS A RECOMMENDATION TO RECEIVE AND FILE COMMUNITY OUTREACH REPORT.

MAY I HAVE A MOTION TO HEAR THIS ITEM? IT HAS BEEN MOVED BY DR. CHAMBERS AND SECONDED BY DIRECTOR SIDES.

UM, I'LL TURN THINGS OVER TO STAFF FOR THE COMMUNITY OUTREACH GROUP.

GOOD AFTERNOON DIRECTORS.

UH, MY NAME'S MARGARET MADDEN.

I'M THE NEIGHBORHOOD IMPROVEMENT OFFICER WITH THE HOUSING AND NEIGHBORHOOD SERVICES BUREAU AND IT'S MY PLEASURE TO SHARE WITH YOU SOME OF THE COMMUNITY OUTREACH OUR BUREAU HAS BEEN UP TO FOR THE PAST MONTH.

UM, OUR BUREAU HAS BEEN, UM, ACTIVE, UM, DOING OUTREACH IN THE COMMUNITY TO

[00:40:01]

HELP SHARE SOME OF THE PROGRAMS AND RESOURCES THAT WE OFFER.

UM, SOME OF THE, UH, PLACES THAT WE WENT OVER THE PAST MONTH INCLUDE CABRILLO HIGH SCHOOLS BACK TO SCHOOL NIGHT, UM, LONG BEACH UNIFIED SCHOOL DISTRICT'S, SECOND ANNUAL LATINO HERITAGE EVENT THAT WAS ALSO HELD AT CABRILLO HIGH SCHOOL.

UH, LONG BEACH POLICE DEPARTMENT'S, WEST DIVISION COFFEE WITH A COP THAT WAS AT THE STARBUCKS IN WRIGLEY.

AND UM, THIS SATURDAY WE HAVE, UM, RESIDENTS OF THE WEST SIDE THAT ARE HOSTING A NEIGHBORHOOD CLEANUP, THE FIRST CLEANUP LED BY WEST LONG BEACH RESIDENTS THIS YEAR, UM, THAT WILL BE HELD OUTSIDE THE ENTRANCE TO THE VILLAGES AT CABRILLO.

UM, AND SO WE'RE REALLY EXCITED TO, UM, SEE RESIDENTS, UM, TAKING THE LEAD TO HOST THIS CLEANUP.

WE, AS PART OF THAT CLEANUP, THE NEIGHBORHOOD, ONE OF THE NEIGHBORHOOD GROUPS OUT THERE, THE WEST LONG BEACH ADVOCATE GROUP, UM, APPLIED FOUR IN ONE, UH, NEIGHBORHOOD MICRO GRANT, UH, GRANT TO HELP PAY FOR, UM, COFFEE, DONUTS AND LUNCH FOR THE VOLUNTEERS THAT ARE COMING OUT.

THE VOLUNTEERS WILL INCLUDE, UH, LOS ALAMITOS JOINT FORCES, UM, RESERVES THAT ARE COMING TO VOLUNTEER FOR THIS EVENT.

AND, UM, HAPPILY THEY'RE NOT COMING IN UNIFORM SO THEY WON'T FREAK PEOPLE OUT.

UM, OUR NEIGHBORHOOD MICRO GRANT PROGRAM IS, UH, WAS ALSO, UM, AWARDED ADDITIONAL ONE-TIME FUNDS FROM, UH, THE GENERAL FUND FOR, UM, TO BE AVAILABLE FOR THE CITY.

THIS PROGRAM'S NOT FUNDED WITH COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS, BUT IT IS A CITYWIDE GRANT OF UP TO $5,000 FOR NEIGHBORHOOD ASSOCIATIONS TO HOST NEIGHBORHOOD PROJECTS AND EVENTS AND, AND IN THE NEW YEAR, UM, THE NEXT ROUND OF FUNDING INCLUDES FUNDING FOR VIOLENCE PREVENTION AGENCIES, UH, TO ALSO BE ELIGIBLE FOR THE FUNDS SO THAT THEY CAN HELP IN THE FIGHT AGAINST HUMAN TRAFFICKING, ESPECIALLY IN NORTH LONG BEACH.

AND SOME OF THE PROJECTS I THOUGHT YOU'D LIKE TO HEAR ABOUT THAT HAVE BEEN, UM, COMPLETED BY NEIGHBORHOOD ASSOCIATIONS OVER THE PAST MONTH INCLUDED, UH, COMMUNITY BREAKFAST, SOCIAL, UH, HOSTED BY WILMORE CITY COMMUNITY ASSOCIATION AT THE BENBRIDGE HOUSE, UM, A BACKPACK AND SCHOOL ESSENTIALS DISTRIBUTION.

UM, FROM SUNNY CENTRAL NEIGHBORHOOD ASSOCIATION FOR, UM, YOUTH AND FAMILIES AT NELSON ACADEMY.

UH, THE LINDBERGH CIRCLE NEIGHBORHOOD HOSTED A EXTERIOR LIGHTING PROJECT TO HELP LIGHT UP THE FRONT BACK AND SIDES OF PEOPLE'S HOMES AND TO ELIMINATE THE ALLEYS AND STREETS, UM, IN THEIR NEIGHBORHOOD.

CALIFORNIA HEIGHTS NEIGHBORHOOD ASSOCIATION HOSTED A CENTENNIAL CELEBRATION OF HOMES BUILT IN 1925.

SO, UM, THAT WAS A STREET BLOCK PARTY TO FOREST PARK NEIGHBORHOOD ASSOCIATION HOSTED TWO EVENTS.

ONE OF THEM WAS A LUNCH WITH A COP EVENT AT THE, UM, DEFOREST PARK AND THEY HOSTED A TEEN SUMMIT, UM, FOR YOUNG PEOPLE TO LEARN ABOUT CAREERS AND APPLYING TO COLLEGES AND FINANCIAL AID THAT WAS HOSTED AT OBAMA LIBRARY.

AND FINALLY, THE HISTORIC ST.

ANTHONY NEIGHBORHOOD ASSOCIATION, ONE OF THE NEWEST NEIGHBORHOOD ASSOCIATIONS IN LONG BEACH, HOSTED A CHO THE WALK EVENT AT GUMBY PARK.

AND IT'S PART OF THEIR EFFORTS TO HELP ACTIVATE THE PARK, UM, AT GUMBY PARK TO, UM, MAKE IT MORE WELCOMING FOR FAMILIES AND YOUNG PEOPLE.

THANK YOU.

THAT CONCLUDES MY REPORT.

GREAT.

THANK YOU.

UH, DIRECTORS.

ANY QUESTIONS ON THE COMMUNITY OUTREACH REPORT? HEARING NONE.

AND SINCE WE DON'T HAVE PUBLIC TO COMMENT, UH, MADAM CLERK, PLEASE CALL FOR THE VOTE.

MOTION IS CARRIED.

OKAY.

AS THERE IS NO PUBLIC

[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.]

TO COMMENT, WE WILL MOVE ON TO ANY ANNOUNCEMENTS FROM

[ANNOUNCEMENTS]

THE DIRECTORS.

HEARING NONE IF THERE'S NO OBJECTION, GO DODGERS.

OKAY.

IF THERE'S NO

[ADJOURNMENT]

OBJECTION, I DECLARE THIS MEETING ADJOURNED.