Jan 21, 2026 The Long Beach Community Investment Company

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OKAY, I WOULD LIKE TO CALL

[CALL TO ORDER]

AND FOR THE RECORD, DIRECTOR IS REZ.

[ROLL CALL]

MADAM CLERK, PLEASE CALL THE ROLE DIRECTOR SITES PRESENT.

VICE CHAIR REJO.

PRESENT CHAIR RAMIREZ.

PRESENT, DIRECTOR CHAMBERS PRESENT.

WE HAVE QUORUM.

OKAY.

UH, MAY I PLEASE VOLUNTEER,

[PLEDGE OF ALLEGIANCE]

PLEASE STAND IF YOU'RE ABLE.

RIGHT HAND OVER YOUR HEART.

REPEAT AFTER ME.

I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS.

ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.

MADAM CLERK, PLEASE READ THE FIRST ITEM.

ITEM NUMBER ONE

[1. 26-54069 Recommendation to receive and file President’s Report.       Suggested Action: Approve recommendation. ]

MAY I HAVE A MOTION TO HEAR THIS ITEM? SO MOVED.

IT HAS BEEN MOVED BY DIRECTOR CHAMBERS AND SECONDED BY, UH, DIRECTOR SIDES DIRECTORS.

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

OKAY.

UH, THANKS FOR WAITING IT OUT.

UM, I KNOW WE NEED TO GET GOING, BUT I JUST WANTED TO TAKE A MOMENT TO REALLY HIGHLIGHT, UH, THE LEVEL OF SUCCESS WE'RE HAVING.

SO, YOU KNOW, YOU'RE FAMILIAR WITH PROJECTS THAT ARE ALREADY IN CONSTRUCTION, LIKE THE, UM, PROJECT ON ALAMITOS.

UM, BUT OVER, UH, THE LAST MONTH IN LATE DECEMBER, UH, WE CLOSED ON THE LINK ARMORY PROJECT, UH, WHICH WAS MANY YEARS IN THE MAKING.

UM, WITH TONIGHT'S ACTION, WE WILL, UM, CLOSE ON THE PROJECT, UM, ON ELM BEFORE MARCH 15TH AND BEFORE MARCH 15TH.

WE'LL ALSO CLOSE ON LINK FOUNTAIN.

SO THAT'LL BE THREE NEW PROJECTS GOING INTO CONSTRUCTION BEFORE APRIL.

IN ADDITION TO THE UNITS THAT ARE IN CONSTRUCTION NOW, THAT SHOULD FINISH UP, UM, NEXT CALENDAR YEAR.

SO THIS IS REALLY A LEVEL OF ACTIVITY IN THE AFFORDABLE SPACE THAT WE HAVEN'T SEEN, UH, SINCE REDEVELOPMENT WHEN WE HAD A DEDICATED, UM, SOURCE OF FUNDS.

SO, UM, AS DIRECTORS, YOU SHOULD REALLY FEEL GOOD ABOUT WHAT WE'VE BEEN ABLE TO PUT TOGETHER AND WHAT'S IN FRONT OF US.

UM, AT A TIME THAT, YOU KNOW, FUNDING IS OTHERWISE DIFFICULT, UH, WE'VE BEEN ABLE TO PUT THAT TOGETHER.

SO I JUST WANTED TO CONGRATULATE YOU AND ALL OF US ON THAT ACCOMPLISHMENT AND ANSWER ANY QUESTIONS.

AND OTHERWISE WE'RE READY TO PROCEED WITH TONIGHT'S ITEMS. OKAY.

WE WILL NOW TAKE PUBLIC COMMENT AND SEEING AS THERE IS NO PUBLIC, WE WILL MOVE FORWARD.

UM, AND I'M CLERK PLEASE CALL FOR THE VOTE.

DIRECTOR CHAMBERS.

YES.

DIRECTOR SIDES? YES.

AND VICE CHAIR MARJO AND CHAIR RAMIREZ HAVE VOTED YES.

UH, MOTION IS CARRIED.

PLEASE READ THE NEXT ITEM.

ITEM NUMBER

[2. 26-54070 Recommendation to approve the minutes for The Long Beach Community Investment Company meeting of Wednesday, November 19, 2025.       Suggested Action: Approve recommendation. ]

MAY I HAVE A MOTION FOR THIS ITEM? IT HAD HAS BEEN MOVED BY VICE CHAIR MAL REJO AND SECONDED BY DIRECTOR SITES, DIRECTORS.

ANY QUESTIONS OR CLARIFICATIONS ON THE MINUTES? AND HEARING NONE, WE'LL NOT TAKE PUBLIC COMMENT AND AS THAT THERE IS NO PUBLIC, WE'LL MOVE FORWARD.

MADAM CLERK, PLEASE CALL FOR THE VOTE.

DIRECTOR SIDES.

YES.

MOTION IS CARRIED.

PLEASE READ THE NEXT ITEM.

ITEM

[3. 26-54071 Recommendation to approve a HOME Investment Partnerships Program (HOME) loan in the amount of $2,000,000 to AMCAL Multi Housing (AMCAL) for the development of 946 Linden Avenue; Authorize President to negotiate the Affordable Housing Loan Agreement with AMCAL; and Authorize President or designee to negotiate and execute any and all documents necessary related to the Loan Agreement.       Suggested Action: Approve recommendation. ]

AUTHORIZED PRESIDENT TO NEGOTIATE THE AFFORDABLE HOUSING LOAN AGREEMENT WITH AMCAL AND AUTHORIZED PRESIDENT OR DESIGN TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY RELATED TO THE LOAN AGREEMENT.

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

MAY WE HAVE THE PRESENTATION? GOOD AFTERNOON.

UM, THIS ITEM IS A REQUEST FOR APPROVAL OF AN ADDITIONAL LOAN TO AL MULTI HOUSING FOR THE DEVELOPMENT OF 9 4 6 LINDEN AVENUE PREVIOUS L-B-C-I-C FUNDS AWARDED, APPROVED AND DISPERSED.

THE L-B-C-I-C ORIGINALLY APPROVED AN EXCLUSIVE NEGOTIATING AGREEMENT WITH AMCAL AND AWARDED UP TO $5 MILLION FOR THE DEVELOPMENT OF

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AN ACQUISITION LOAN WAS SUBSEQUENTLY APPROVED BY THE L-B-C-I-C USING COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS AND THE AMOUNT OF 3.6 MILLION, WHICH WAS LATER INCREASED TO A TOTAL OF 4 MILLION IN CDBG FUNDS DISPERSED TO DATE TO BREAK GROUND ON THIS DEVELOPMENT.

AMCAL IS REQUESTING THE REMAINING $1 MILLION OF THE INITIAL AWARD PLUS AN ADDITIONAL $1 MILLION FROM THE JANUARY, 2025 NOTICE OF FUNDING ABILITY FOR A TOTAL L-B-C-I-C FUNDING COMMITMENT OF $6 MILLION.

THE L-B-C-I-C HAS 2 MILLION IN HOME FUNDS AVAILABLE FOR THIS PURPOSE IF APPROVED.

THIS PROJECT WILL RESULT IN NEW CONSTRUCTION OF AFFORDABLE FAMILY RENTAL HOUSING.

THE UNIT MIX, THERE'S BEEN ONE LITTLE UPDATE ON THIS SLIDE SINCE WE DID THE POWERPOINT.

IT'S 38 1 BEDROOM UNITS, 32 2 BEDROOM UNITS AND 33 BEDROOM UNITS.

99 UNITS WILL BE FOR HOUSEHOLDS EARNING BETWEEN 30% AND 80% OF AREA MEDIAN INCOME.

AND THERE WILL BE ONE MANAGER'S UNIT.

THE ESTIMATED TOTAL DEVELOPMENT COST IS 79,627,451.

AND THERE'S A SITE MAP PROJECT RENDERING AND AMENITIES.

THIS IS A VIEW OF THE PROPOSED PROJECT FROM LINDEN AVENUE FACING EAST.

AMENITIES INCLUDE SUBTERRANEAN PARKING, BIKE PARKING, LAUNDRY ROOMS, COMMUNITY ROOM, FITNESS AREA, COMPUTER CENTER, A TOT LOT COURTYARD AND A BARBECUE.

THIS SLIDE SHOWS THE SOURCE OF FUNDS NOW COMMITTED FEDERAL TAX CREDIT EQUITY OF 33.5 MILLION PERMANENT LOANS OF 14.9 MILLION LONG BEACH COMMUNITY INVESTMENT FUNDS OF 6 MILLION PENDING TONIGHT'S APPROVAL, AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES LOAN OF $20 MILLION AND A DEFERRED DEVELOPER FEE OF $5.1 MILLION.

AND IT'S IMPORTANT TO NOTE ALSO THAT THE ASIC PROGRAM IS ALSO CONTRIBUTING $8.2 MILLION IN GRANT FUNDING FOR TRANSPORTATION INFRASTRUCTURE IMPROVEMENTS, INCLUDING NEW BIKE LANES, BUS SHELTER UPGRADES, AND THE PURCHASE OF FOUR NEW BATTERY ELECTRIC BUSES.

AND THE PROJECT IS NOW FULLY ENTITLED AND HAS SUBMITTED BUILDING PLANS TO THE BUILDING AND SAFETY BUREAU FOR APPROVAL, UH, STRUCTURE OF L-B-C-I-C-L LOANS, BOTH THE $4 MILLION CDPG LOAN AND THE $2 MILLION HOME LOAN WILL BE STRUCTURED AS FOLLOWS.

THE TERM WILL BE 55 YEARS INTEREST RATE AT 3% SIMPLE INTEREST.

A REPAYMENT WILL BE BASED ON PRO RATA SHARE OF RESIDUAL RECEIPTS AND IT'LL BE SECURED BY A DEED OF TRUST, UM, SECURED AGAINST THE PROPERTY.

SO THIS AFTERNOON'S RECOMMENDATIONS ARE TO APPROVE A HOME LOAN IN THE AMOUNT OF $2 MILLION TO AMCAL FOR THE DEVELOPMENT OF 9 46 LINDEN AVENUE.

AUTHORIZE THE PRESIDENT TO NEGOTIATE AN AFFORDABLE HOUSING LOAN AGREEMENT WITH AMCAL AND AUTHORIZE THE PRESIDENT OR DESIGNEE TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY RELATED TO THE LOAN.

THANK YOU.

THIS CONCLUDES THE PRESENTATION.

I'M HAPPY TO ANSWER ANY QUESTIONS AND WE ALSO DO HAVE WITH US TODAY ALEX PRATT, UH, VICE PRESIDENT OF DEVELOPMENT FOR ALCA AMCAL.

IF YOU WOULD LIKE TO, WOULD YOU LIKE TO ADDRESS THE BOARD? GOOD AFTERNOON BOARD MEMBERS.

UM, MY NAME IS ALEX PRATT WITH AML MULTI-HOUSING.

WE'VE BEEN IN BUSINESS ABOUT 47 YEARS AND HAVE BEEN DEVELOPING AFFORDABLE HOUSING SINCE 1997.

I HAVE OVER 10,000 UNITS THAT WE'VE DEVELOPED.

UH, THIS IS ALSO OUR, I THINK, THIRD PROJECT AMONG WHICH MAY BE OUR FOURTH, I THINK THIRD PROJECT IN LONG BEACH.

UM, I'D REALLY LIKE TO COMPLIMENT THE CITY AND STAFF, UH, FOR THE PROGRAM THAT YOU'VE PUT IN PLACE.

UM, I THINK IT'S EASY TO NOT UNDERSTAND HOW TURBULENT THESE TIMES ARE FINANCIALLY IN OUR BUSINESS, BUT A NUMBER OF THINGS HAVE HAPPENED AS PART OF THE BEAUTIFUL NEW BILL.

UM, WE WENT FROM A DIFFERENT KIND OF BOND STRUCTURE FROM 25% TEST TO A 50% TEST.

I WON'T GET IN THE DETAILS OF THAT, BUT THAT WAS A SUBSTANTIAL CHANGE THAT ROILED MUCH OF THE TAX CREDIT MARKET.

IT CHANGED THE PRICING THAT YOU COULD GET FROM INVESTORS FOR TAX CREDITS.

I CHANGED THE TIMELINE FOR DOING THINGS THAT ALSO COMPELLED US TO EXTEND THE PROJECT AND IT ALLOWED THE STATE TO ISSUE MORE BONDS.

SO THERE'S ACTUALLY SOMETHING VERY POSITIVE ABOUT IT.

UH, MY COMMENT AS IT RELATES TO THE CITY OF LONG BEACH IS, IS THAT WE HAVE HAD MULTIPLE TRANCHES OF FUNDS THAT HAVE BEEN ALLOCATED TO THIS PROJECT.

AND IT'S BEEN YOUR ABILITY TO BE FLEXIBLE AND TO ALLOCATE THOSE MULTIPLE TRA OF FUNDS THAT HAS ALLOWED US TO, WILL STILL PUT IN PLACE A HUNDRED UNITS OF AFFORDABLE HOUSING IN THIS TIMELINE.

UH, I CAN'T TELL YOU HOW IMPORTANT IT IT IS BECAUSE WHERE THAT MONEY NOT BEING ALLOCATED, THE PROJECT WOULD'VE JUST DIED, PERIOD.

SO I MEAN THERE'S TWO REALLY, REALLY IMPORTANT THINGS YOU DID.

ONE WAS PROVIDE ACQUISITION FUNDING THAT HELPED US TO TIE UP THE LAND AND HELP US MOVE THE PROJECT FORWARD AND THEN OF COURSE PROVIDE SOME ADDITIONAL INTERIM FUNDING ALONG WITH PROJECT-BASED VOUCHERS, UH, TO MAKE

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SO I JUST WANT TO COMMEND L-B-C-I-C AND THE STAFF AND MEGAN AND SHELL AND SELIA AND ALL THE FOLKS THAT WE HAVE BEEN WORKING WITH.

UH, SO EFFECTIVELY BOTH ON THIS PROJECT AND ON NA VENTANA, OUR PREVIOUS PROJECT, WHICH WAS A HUNDRED UNIT, A HUNDRED PERCENT AFFORDABLE PROJECT AT, UH, PACIFIC AND PCH AND MON BEACH.

SO THANK YOU VERY MUCH.

I THINK YOU'VE GOT A VERY EFFECTIVE PROGRAM HERE.

I DON'T THINK THERE'S MUCH MORE YOU COULD POSSIBLY DO, UH, TO ENCOURAGE DEVELOPMENT, BUT I ENCOURAGE YOU, UH, TO DO EVERYTHING THAT YOU CAN DO.

'CAUSE I THINK THE MISSION WE'RE, UH, WORKING ON IS VERY IMPORTANT.

SO THANK YOU.

THANK YOU VERY MUCH.

UM, DIRECTORS, ANY QUESTIONS ON THE PRESENTATIONS? SORRY, , THIS IS THE SITE IS A CHURCH THERE CURRENTLY? YES.

OKAY.

AND THE CHURCH WILL, IT'S IT'S ADJACENT TO THE SITE.

OKAY.

SO THERE'S A CHURCH THERE.

WE BOUGHT PART OF THE PROPERTY FROM THE CHURCH AND THERE'S A PRESCHOOL THAT WAS THERE THAT HAS BEEN RELOCATED AND EXPANDED, WHICH WAS SERVICING HOMELESS CHILDREN.

THANK YOU.

TO BE CLEAR, THERE'S NO CONGREGATION BEING DISLOCATED.

THERE WERE SOME UNDERUTILIZATION OF THE SPACE AND THAT A TRANSACTION OCCURRED AND ALLOWED FOR THIS PROJECT.

YEAH, I APPRECIATED IT IN THE PACKET THAT IT HAD NOTED, UM, THAT OUR INVESTMENT WAS ABOUT 60,000 A UNIT, WHICH IS REASONABLE.

AND THAT SOUNDS GOOD.

AND YOU NOTED THAT IT WAS IN LINE WITH OTHER INVESTMENTS WE'VE MADE, BUT WHEN I JUST SAW THE $80 MILLION NUMBER FOR AROUND A HUNDRED UNITS, IS THAT OVERALL COMPETITIVE PER UNIT FOR THIS TYPE OF DEVELOPMENT? ONE THING THAT YOU CAN MAKE CERTAIN THAT IS COMPETITIVE IS IT'S GOTTA GO THROUGH MULTIPLE COMPETITIVE PROCESSES IN ORDER TO BE AWARDED THOSE FUNDS.

SO WE'VE HAD TO COMPLETE AT THE STATE, BOTH FOR BONDS AND FOR TAX CREDITS, WE'VE HAD TO COMPLETE THROUGH THE HOUSING COMMUNITY DEVELOPMENT PROGRAM TO GET ASIC FUNDING.

SO AT EACH LEVEL WE'VE HAD TO GO THROUGH A COMPETITIVE RUBRIC IN ORDER TO BE SUCCESSFUL.

SO BY THE NATURE OF THAT COMPETITION, IT'S AS EFFICIENT AS IT CAN BE.

THANK YOU.

AND JUST TO EXPAND, THAT'S A COMPETITIVE NUMBER.

I THINK IT SHOULD, IT IS ALSO A HIGH NUMBER, SO IT SHOULD GIVE US ALL PAUSE.

THE APPLICANT HAS DONE A GREAT JOB.

IT'S, THERE'S NO PROBLEM WITH THIS PROJECT IS A GREAT PROJECT.

UM, BUT THE, FOR MANY REASONS, GOOD, BAD AND OTHERWISE THE COST OF NEW AFFORDABLE HOUSING CONSTRUCTION IS VERY HIGH MIND BLOWING.

UM, SO THAT MEANS THAT, UM, WE ALL HAVE WORK TO DO HERE AT THE CITY AND THE STATE HAS WORK TO DO IN TERMS OF, UM, THERE'S A LOT OF GOOD REQUIREMENTS, BUT THAT CUMULATIVELY MAKE THESE PROJECTS VERY EXPENSIVE.

UM, THE FACT THAT IT TAKES FIVE PLUS YEARS TO PUT THESE DEALS TOGETHER AND THERE'S CARRYING COSTS OVER ALL OF THAT TIME MAKES THESE PROJECTS EXPENSIVE.

SO, UM, PART OF THAT IS PROCESS REFORM.

UH, IN TERMS OF THE REVIEW PROCESS HERE AT THE CITY, A LOT OF IT HAS TO DO WITH THE STATE AND WHEN DIFFERENT APPROVALS COME FOR THE TAX CREDIT VERSUS THE ENTITLEMENT VERSUS BUYING THE LAND.

UM, THERE'S, YOU KNOW, CONSTRUCTION REQUIREMENTS.

UM, BUT ONE OF THE THINGS WE'RE LOOKING AT IS WE STILL WANT TO DO GREAT PROJECTS LIKE THIS, BUT BECAUSE THEY ARE SO EXPENSIVE, IT MAKES IT IMPORTANT TO LOOK AT OTHER WAYS OF DELIVERING PRODUCT, RIGHT? SO WE'VE GOT THINGS LIKE OUR A DU PROGRAM, WHICH IS ONE UNIT AT A TIME, BUT THAT'S A, A LOWER CONSTRUCTION COST.

UM, AND THEN WE ARE DOING SOME WORK ON THE STAFF SIDE ON WHAT'S CALLED ACQUISITION REHAB.

SO THAT'S BUYING AN EXISTING APARTMENT BUILDING THAT EXISTS, UM, AND BUYING DOWN THE AFFORDABILITY AND MAKING IT AFFORDABLE.

UM, WHICH DIDN'T MAKE A LOT OF SENSE 10 YEARS AGO AND KIND OF MAKES MORE SENSE IF A UNIT COST 800,000 PLUS.

UM, THESE UNITS ARE MUCH CHEAPER THAN SOME RECENT PROJECTS IN LA SO WE'RE ACTUALLY BELOW AVERAGE IN A GOOD WAY IN TERMS OF COST.

BUT IT, IT IS A MIND BOGGLING NUMBER AND IT'S SOMETHING WE'RE ALL CONSCIOUS OF.

THANK YOU.

AND IT IS, BUT THANK YOU FOR THE INFORMATION.

I JUST HAVE TO SAY I'M SO EXCITED TO SEE THAT THE ONES THAT WILL BENEFIT ARE AT AN 80% OR LOWER AREA MEDIAN INCOME.

THAT'S VERY NICE TO SEE.

WHAT STAGE OF DEVELOPMENT IS THE PROJECT IN? WE ARE APPROACHING CLOSING ONCE WE COMPLETE THIS PROCESS AND THIS, THESE FUNDS ARE SIGNED OFF, UH, THEN WE'LL JUST KIND OF FINISH SOME LEGAL DOCUMENTATION.

REALLY ALL THE ENTITLEMENT WORK IS DONE.

PERMITTING IS PRIMARILY DONE.

SO WE SHOULD BE STARTING CONSTRUCTION AROUND MARCH 10TH.

AND IS IT A TWO YEAR CONSTRUCTION PERIOD? YES.

OKAY.

23 MONTHS.

DO WE NEED A PLA IS DOES IT HAVE A PLA?

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OKAY, GOOD.

IT IS DAVIS WAKE.

DAVIS DAVIS BACON, UH, WAGE COMPLIANT.

PREVAILING WAGE COMPLIANT.

OKAY, THANK YOU.

AS WELL AS STATE.

UH, WE'LL NOW TAKE PUBLIC COMMENT AND I'M ASSUMING YOU DON'T HAVE MORE COMMENTS.

NO, THAT'S ALL THE COMMENTS I HAVE.

OKAY.

JUST THANK YOU.

WE'LL MOVE FORWARD.

DIRECTORS.

ANY FURTHER DISCUSSION? HEARING NONE MADAM CLERK, PLEASE CALL FOR THE VOTE.

DIRECTOR SIDES.

YES, THANK YOU.

MOTION IS CARRIED.

PLEASE READ THE NEXT ITEM.

ITEM NUMBER FOUR

[4. 26-54072 Recommendation to receive and file Community Outreach Report.       Suggested Action: Approve recommendation. ]

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

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

GOOD EVENING EVERYONE.

I'M MARGARET MADDEN WITH THE HOUSING AND NEIGHBORHOOD SERVICES BUREAU.

I'M HERE TO SHARE WITH YOU INFORMATION ABOUT OUR COMMUNITY OUTREACH, UM, OVER THE HOLIDAYS.

UM, WE'VE BEEN PREPARING FOR OUR NEIGHBORHOOD LEADERSHIP PROGRAM CLASS OF 2026 AND OUR APPLICATIONS WERE, OUR DEADLINE WAS YESTERDAY.

WE'VE HOSTED AN ALUMNI AND CANDIDATE INFORMATION DINNER AND A CANDIDATE INFORMATION SESSION TO HELP RESIDENTS LEARN MORE ABOUT THE PROGRAM TO, UM, ENCOURAGE THEM TO APPLY.

WE'RE CONDUCTING INTERVIEWS CURRENTLY THROUGH THE END OF THE MONTH FOR ALL OF THE APPLICANTS FOR THIS YEAR'S CLASS.

AND WE WILL HIT 900 GRADUATES THIS YEAR.

UM, SO WE'RE REALLY PROUD OF THAT.

UM, ALSO IN THE NEW YEAR WE HOSTED AN APPLICATION WORKSHOP FOR OUR NEIGHBORHOOD MICRO-GRANT PROGRAM.

WE HAVE $5,000 GRANTS THAT ARE AVAILABLE FOR NEIGHBORHOOD ASSOCIATIONS AND VIOLENCE PREVENTION ORGANIZATIONS FOR NEIGHBORHOOD PROJECTS.

AND WE HOSTED AN APPLICATION WORKSHOP LAST WEEK AT THE LONG BEACH SCHOOL FOR ADULTS IN NORTH LONG BEACH.

AND WE HAVE, UM, BEEN, UH, WORKING WITH LOTS OF NEIGHBORHOOD ASSOCIATIONS ON THEIR APPLICATIONS FOR THIS YEAR'S PROGRAM.

AND THAT CONCLUDES MY REPORT, UH, DIRECTORS.

ANY QUESTIONS ON THE COMMUNITY OUTREACH REPORT? I'M HEARING NONE.

THANK YOU.

UM, THANKS.

WE'LL NOW TAKE PUBLIC COMMENT AND AS THERE IS NO PUBLIC, WE'LL MOVE FORWARD.

DIRECTORS.

IS THERE ANY FURTHER DISCUSSION? UH, MADAM CLERK, PLEASE CALL FOR THE VOTE.

MOTION IS CARRIED.

AT THIS TIME,

[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.]

PUBLIC COMMENTS.

ANYONE WHO WOULD LIKE TO LIKE TO SPEAK ON AN ITEM, NOT LIST ON THE AGENDA, PLEASE LINE UP AT THE PODIUM AT THIS TIME AND SEEING THERE'S NO PUBLIC WILL MOVE FORWARD.

ARE THERE ANY

[ANNOUNCEMENTS]

OKAY.

IF THERE'S NO OBJECTIONS,

[ADJOURNMENT]

THANK YOU.