* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. [00:13:03] HELLO, [00:13:04] I [00:13:04] WOULD LIKE TO CALL [CALL TO ORDER] THE LONG BEACH COMMUNITY INVESTMENT COMPANY MEETING TO ORDER FOR AUGUST 19TH, 2026. UH, CLERK, PLEASE CALL THE ROLE [ROLL CALL] DIRECTOR ESPARZA, DIRECTOR LEWIS, DIRECTOR EZ PRESENT, DIRECTOR SIDES PRESENT, VICE CHAIR MEL CARREJO, PRESENT AND CHAIR RAMIREZ. PRESENT, WE HAVE QUORUM. AND FOR THE RECORD, DIRECTOR ESPARZA AND DIRECTOR LEWIS ARE EXCUSED FROM THIS MEETING. ARE THERE ANY OBJECTIONS FROM THE COMMISSION AND HEARING NONE? MAY I PLEASE VOLUNTEER? [PLEDGE OF ALLEGIANCE] UM, DIRECTOR RAMEZ FOR THE PLEDGE OF ALLEGIANCE. THANK YOU. I'D BE HONORED. CLERK, PLEASE [1. 26-55864 Recommendation to receive and file President’s Report.       Suggested Action: Approve recommendation. ] READ THE FIRST ITEM. ITEM NUMBER ONE IS A RECOMMENDATION TO RECEIVE AND FILE PRESIDENT'S REPORT. UH, THERE'S NO REPORT TODAY. THANK YOU. SO WOULD THE ITEM BE, WOULD YOU LIKE TO WITHDRAW THE ITEM? I'D LIKE TO CHANGE MY MIND AND DO A PRESIDENT'S REPORT. I'LL SPEED THROUGH WHAT WE ALREADY TALKED ABOUT. UM, OKAY. UM, IF I CAN HAVE A MOTION AND A SECOND BEFORE WE MOVE FORWARD WITH THE REPORT, PLEASE. OKAY. MOTIONED. OKAY. IT HAS BEEN MOVED BY, UH, CHAIR RAMIREZ AND SECONDED BY DIRECTOR EZ. PLEASE READ THE FIRST ITEM. ITEM NUMBER ONE IS A RECOMMENDATION TO RECEIVE AND FILE PRESIDENT'S REPORT. SORRY ABOUT THAT. UM, A COUPLE THINGS. [00:15:01] TODAY WE JUST WANT TO REMIND THE BOARD MEMBERS THAT WE DO HAVE ONE LESS BOARD MEMBER THAN WE HAD PREVIOUSLY BECAUSE HE'S BEEN MOVED ON TO THE PLANNING COMMISSION. SO IT'S EXTRA IMPORTANT THAT WE GET RSVPS ABOUT WHO IS ABLE TO COME OR NOT COME SO THAT WE CAN PLAN FOR A QUORUM. I ALSO WANTED TO LET YOU KNOW THAT WE HAVE THE 2026 NEIGHBORHOOD LEADERSHIP PROGRAM GRADUATING THIS WEEKEND, AND THERE'LL BE A BIG GRADUATION CEREMONY HAPPENING AT THE GRAND ON SATURDAY, AUGUST 22ND AT 10 30. IT IS OUR 32ND GRADUATING CLASS, AND AMONGST THAT WILL BE THE 900TH GRADUATING MEMBER. EXCITING NEWS. AND THEN ALSO WANTED TO LET YOU KNOW THAT WE HAVE A WEST SIDE NIGHT SERIES KICKING OFF IN SEPTEMBER. IT'LL BE IN SEPTEMBER, OCTOBER, NOVEMBER, WHEREIN WE'RE, UM, DOING SORT OF A FIRST FRIDAYS TYPE EVENT LIKE THEY HAVE IN, IN SOME OTHER AREAS OF THE CITY WHERE WE'RE TRYING TO BRING, UM, RESIDENTS AND VENDORS AND BUSINESSES TOGETHER AND JUST ACTIVATE THE COMMUNITY AND BUILD SOME, SOME RAPPORT THERE. SO WE'RE REALLY LOOKING FORWARD TO THAT, UH, AND YOU WILL GET FURTHER INFORMATION VIA EMAIL. THANKS DIRECTORS. ANY QUESTIONS ON THE PRESIDENT'S REPORT? AND HEARING NOW NONE. WE WILL, UH, TAKE PUBLIC COMMENT AND SEEING THAT THERE'S NO PUBLIC, UH, CLERK, PLEASE CALL FOR THE VOTE. MOTION IS CARRIED. PLEASE READ THE NEXT ITEM. ITEM NUMBER TWO IS [2. 26-55865 Recommendation to approve the minutes for The Long Beach Community Investment Company meeting of Wednesday, June 10, 2026.       Suggested Action: Approve recommendation. ] A RECOMMENDATION TO APPROVE THE MINUTES FOR THE LONG BEACH COMMUNITY INVESTMENT COMPANY MEETING OF WEDNESDAY, JUNE 10TH, 2026. MAY I HAVE A MOTION FOR THIS ITEM? IT HAS BEEN MOVED BY DIRECTOR SIDES AND SECONDED BY DIRECTOR MINHA. UM, PLEASE, UH, SORRY. SORRY, PLEASE. NO WORRIES. ARE THERE ANY CORRECTIONS OR QUESTIONS FOR THE MINUTES FROM THE MEMBERS? HEARING NONE. UM, PLEASE CALL FOR THE VOTE. AND THEN JUST FOR THE RECORD, NO MEMBERS OF THE PUBLIC ARE PRESENT FOR PUBLIC COMMENT FOR ITEM TWO. MOTION IS CARRIED. PLEASE READ THE NEXT ITEM. ITEM NUMBER THREE IS [3. 26-55866 Recommendation to receive and file an overview of the Los Angeles County Affordable Housing Solutions Agency funding for Affordable Housing Production, Preservation, and Ownership; Renter Protection and Homelessness Prevention; and Technical Assistance, Research and Policy activities.       Suggested Action: Approve recommendation. ] A RECOMMENDATION TO RECEIVE AND FILE AN OVERVIEW OF THE LOS ANGELES COUNTY AFFORDABLE HOUSING SOLUTIONS AGENCY FUNDING FOR AFFORDABLE HOUSING PRODUCTION PRESERVATION AND OWNERSHIP, RENTER PROTECTION AND HOMELESSNESS PREVENTION AND TECHNICAL ASSISTANCE RESEARCH AND POLICY ACTIVITIES. MAY I HAVE A MOTION TO HEAR THIS ITEM? IT HAS BEEN MOVED BY DIRECTOR MELGAR AND SECONDED BY DIRECTOR SIDES. I'LL NOW TURN THINGS OVER TO STAFF FOR THE PRESENTATION. YEAH. AND ELIZABETH WITHERS, OUR HOUSING OPERATIONS OFFICERS WILL, WILL BE GIVING THE PRESENTATION ASSISTED BY SPECIAL GUEST ALVIN TANG FROM THE CITY MANAGER'S OFFICE TO TALK ABOUT THE FUNDS THAT ARE GOING TO THE HEALTH DEPARTMENT. GOOD AFTERNOON. MY NAME'S LIZ WITHERS. I'M SAD YOU CAN'T REALLY SEE THE PRESENTATION ON THAT ONE, BUT LA COUNTY MEASURE A IS A HALF CENT SALES TAX THAT PASSED IN 2024. IT REPLACED MEASURE H, WHICH WAS A QUARTER CENT SALES TAX IN 2017. MEASURE A HAS NO SUNSET DATE. SO THIS IS A NEW PERMANENT SOURCE OF FUNDING FOR AFFORDABLE HOUSING AND RENTER ASSISTANCE. ABOUT A THIRD OF MEASURE A FUNDS GOES TOWARDS HOMELESS PREVENTION AND IT'S ADMINISTERED BY LA CASA. THE REMAINDER GOES TOWARDS HOMELESS INTERVENTION, WHICH IS MANAGED BY A SEPARATE LA COUNTY AGENCY. LA CASA PASSES MOST OF ITS FUNDS DIRECTLY TO ELIGIBLE DUR JURISDICTIONS, INCLUDING LONG BEACH AS A FORMULA ALLOCATION ON A YEARLY BASIS. THE LA CASA AGENCY WAS CREATED UNDER A SENATE BILL LONG BEACH MAYOR REX RICHARDSON SERVED AS THE CHAIR OF THE LA CASA BOARD FOR ITS FIRST YEAR. HE HAS NOW TERMED OUT AND COUNCIL MEMBER TRASH AND TOOK IS OUR LONG BEACH REPRESENTATION ON THE BOARD. THIS YEAR, LA CASA FUNDS MUST BE USED FOR THREE CATEGORIES OF ACTIVITIES. THE MAJORITY OF PRODUCTION, PRESERVATION AND OWNERSHIP OR PPO FUNDING MUST BE SPENT ON NEW AFFORDABLE RENTAL HOUSING DEVELOPMENT. PPO FUNDS CAN ALSO BE USED FOR FLEXIBLE ACTIVITIES, INCLUDING HOME OWNERSHIP PROGRAMS AND DEVELOPMENT OF OWNERSHIP HOUSING. THE SECOND CATEGORY IS RENTER PROTECTION AND HOMELESS PREVENTION OR RPHP FUNDS. THIS INCLUDES EVICTION DEFENSE [00:20:01] RENTAL ASSISTANCE AND FLEXIBLE FINANCIAL SUPPORT FOR LOW-INCOME RENTERS TO PREVENT THEM FROM LOSING THEIR HOUSING AND FALLING INTO HOMELESSNESS. LASTLY, LA CASA FUNDS CAN BE SPENT ON TECHNICAL ASSISTANCE INCLUDING PROGRAM DESIGN, EVALUATION, AND PROFESSIONAL SERVICES. THIS CHART SHOWS LA CASA LA CASA ALLOCATIONS. FOR THE FIRST TWO YEARS OF FUNDING IN YEAR ONE, WE RECEIVED AN ADDITIONAL 5% MATCH ON THE RPHP FUNDS FROM LA CASA, OR ABOUT $230,000 FOR PARTICIPATING IN DESIGNING THEIR UPCOMING REGIONAL SERVICE MODEL FOR RPHP ACTIVITIES. AND ALVIN, UM, AND OUR STAFF, STEPHANIE, WERE A PART OF THAT. THIS NEW SERVICE MODEL WILL LAUNCH LATER THIS YEAR CALLED RENTER AID. IT WILL PROVIDE, PROVIDE RENTER ASSISTANCE SERVICES FOR ALL LA COUNTY THROUGH A CENTRALIZED STREAMLINED SYSTEM THAT WILL CUT DOWN ON ADMIN COSTS AND ACTUALLY INCREASE THE FUNDING AVAILABLE FOR DIRECT SERVICES TO THE LONG BEACH COMMUNITY. OUR CITY HAS DECI, UM, DECIDED TO DEDICATE ALL OF OUR PPO FUNDING ALLOCATION TOWARDS CREATING NEW AFFORDABLE RENTAL HOUSING, INCLUDING OUR PPO FLEX ALLOCATION. THESE FUNDS WILL BE MADE AVAILABLE TO HOUSING DEVELOPERS THROUGH COMPETITIVE NOFA. WE'LL CONTINUE TO EVALUATE HOME OWNERSHIP OPPORTUNITIES WITH OUR PPO FLEX ALLOCATION IN THE FUTURE. BUT CURRENTLY LA COSTA GUIDELINES AND THE OWNERSHIP HOUSING MARKET MEANS IT'S NOT COST-EFFECTIVE TO SUBSIDIZE HOME OWNERSHIP FOR MODERATE INCOME FAMILIES. UNDER LA CASA GUIDELINES, PPO FUNDS MUST BE USED TO SUPPORT HOUSING DEVELOPMENTS THAT ARE 100% AFFORDABLE FOR LOW INCOME HOUSEHOLDS. IN ADDITION, AT LEAST 10% OF UNITS IN EACH DEVELOPMENT PROJECT MUST BE SET ASIDE FOR EXTREMELY LOW INCOME AND ANOTHER 10% FOR VERY LOW INCOME HOUSEHOLDS. IN ADDITION TO THE PER PROJECT REQUIREMENTS, LA CASA ALSO SETS AFFORDABILITY REQUIREMENTS FOR OUR PORTFOLIO OF LA CASA FUNDED PROJECTS. OVER A TWO YEAR PERIOD, 25% OF ALL UNITS MUST BE FOR EXTREMELY LOW INCOME AND ANOTHER 25% FOR VERY LOW INCOME HOUSEHOLDS. ALL PUBLICLY FUNDED HOUSING DEVELOPMENTS HAVE PRE PREVAILING WAGE REQUIREMENTS, BUT LA CASA HAS ADDITIONAL REQUIREMENTS THAT THE HOUSING DEVELOPMENTS FUNDED WITH PPO FUNDS MUST BE BUILT IN ACCORDANCE WITH THE LA COUNTY PROJECT LABOR AGREEMENT. THE L-B-C-I-C SERVES AS A LOAN ADMINISTRATOR FOR LA CASA PPO FUNDS AND IS RESPONSIBLE FOR REVIEWING AND APPROVING LOANS FOR AFFORDABLE HOUSING DEVELOPMENT. OUR BUREAU ISSUED A FIRST NOFA FOR LA CASA FUNDS AT THE BEGINNING OF THE YEAR. AND AS YOU KNOW, TWO PROPOSALS WERE SELECTED IN THE JUNE L-B-C-I-C MEETING TO JAMBOREE HOUSING AND CENTURY AFFORDABLE DEVELOPMENT. THE PROJECTS ARE CURRENTLY APPLYING FOR ADDITIONAL FUNDING AND WE EXPECT THEM TO MOVE FORWARD IN 2027. THE NEXT ACTIVITY CATEGORY IS RENTAL ASSISTANCE. FOR YEAR ONE, OUR CITY'S IMPLEMENTING RENTAL ASSISTANCE PROGRAMS DIRECTLY OR CONTRACTING WITH SERVICE PROVIDERS FOR YEAR TWO. LA CASAS. IN THE PROCESS OF DEVELOPING A COUNTYWIDE INTEGRATED SERVICE MODEL TO PROVIDE RPHP ACTIVITIES CENTRALLY, THE GOAL IS TO REDUCE OVERHEAD, AS I MENTIONED, AND DEVOTE MORE FUNDING TO DIRECT SERVICES, AS WELL AS REDUCE BARRIERS FOR LA COUNTY RESIDENTS TO ACCESS THE SERVICES. THE RENTER EIGHT SYSTEM IS OPTIONAL FOR ELIGIBLE JURISDICTIONS FOR YEAR TWO FUNDING. LONG BEACH HAS OPTED IN AND RENT RATE IS EXPECTED TO LAUNCH LATER THIS YEAR. A PORTION OF RPHP FUNDING IS REQUIRED TO BE SPENT ON LEGAL SERVICES FOR LOW INCOME RENTERS WHO ARE, WHO ARE AT RISK OF BEING EVICTED. YEAR ONE FUNDING IS USED TO CONTINUE THE CITY'S PARTNERSHIP WITH THE LA COUNTY STAY HOUSE PROGRAM. THIS PROGRAM PROVIDES RIGHT TO COUNSEL, LEGAL REPRESENTATION, EVICTION ASSISTANCE SERVICES, OUTREACH, TENANT NAVIGATION SERVICES AND EDUCATION AND WORKSHOPS ON TENANT RIGHTS. STARTING WITH YEAR TWO FUNDING LEGAL SERVICES WILL BE ADMINISTERED THROUGH THE LA CASA REGIONAL RENTER AID SYSTEM. CITY STAFF ANTICIPATE THAT THIS WILL BE A CONTINUATION OF THE SAME SERVICES AND LEGAL PROVIDERS. ALL RIGHT, UH, GOOD AFTERNOON DIRECTORS. UH, MY NAME IS ALVIN TANG. I'M THE HOMELESS STRATEGY AND PARTNERSHIPS MANAGER WITH THE LONG BEACH CITY MANAGER'S OFFICE. UM, I WILL BE PRESENTING ON, UH, TWO OTHER PROGRAMS ALSO FUNDED THROUGH OUR PHP, UM, THAT ARE NOW OPERATED BY OUR HEALTH DEPARTMENT. UM, THE FIRST IS, UH, WHAT WE ARE CALLING LONG BEACH RENTER AID. UM, SO THIS IS A PROGRAM THAT WAS LAUNCHED IN APRIL PROVIDING SHORT TERM FINANCIAL ASSISTANCE FOR VERY LOW INCOME HOUSEHOLDS AT RISK OF HOUSING LOSS, UM, TO STABILIZE AND PREVENT HOMELESSNESS. UM, THE PROGRAM PROVIDES PAYMENTS OF BACK RENT AND SHORT TERM RENTAL ASSISTANCE WITH A MAXIMUM OF $9,000 PER HOUSEHOLD PAID DIRECTLY TO THE LANDLORD. UH, THE PROGRAM CAN ALSO PAY FOR A RANGE OF OTHER HOUSING RELATED EXPENSES WHEN ENROLLED PARTICIPANTS ARE ALSO LINKED TO OTHER SERVICES, FUNDED THROUGH OTHER PROGRAMS. UM, WHILE SIMILAR, THIS PROGRAM IS DISTINCT FROM OUR OLDER ADULT SHALLOW SUBSIDY THAT WAS ALSO RECENTLY LAUNCHED, UM, AND FUNDED, UH, THROUGH A SEPARATE STATE GRANT. [00:25:03] AS I MENTIONED, THIS PROGRAM IS INTENDED TO BE A HOMELESSNESS PREVENTION PROGRAM. SO AS A RESULT, THE, UH, ELIGIBILITY AND PRIORITIZATION IS FOCUSED ON IDENTIFYING THOSE MOST AT RISK OF EVICTION, UH, OR HOMELESSNESS. UM, ELIGIBILITY INCLUDES BEING A RENTER IN LONG BEACH, HAVING AN INCOME LEVEL BELOW 50% AREA MEETING INCOME. HAVING EXPERIENCED AN EMERGENCY OR UNEXPECTED EVENT IN THE PAST 12 MONTHS, UM, THAT, UH, CAUSES A RISK OF HOUSING LOSS. UM, THE PROGRAM PRIORITIZES PEOPLE WHO ARE 55 AND OLDER AT IMMEDIATE RISK OF EVICTION OR HOMELESSNESS, OR PEOPLE WHOSE HOUSING EMERGENCY STEMS FROM, UH, FEDERAL POLICY CHANGES. UM, THE PROGRAM LAUNCHED IN APRIL, UM, WITH AN ONLINE PORTAL, UM, OPTION IN MULTIPLE LANGUAGES. SO HERE WE HAVE A, UM, HEALTH DEPARTMENT, UH, DASHBOARD THAT WAS, UH, JUST LAUNCHED OUTLINING SORT OF THE PROGRESS, UH, AND DISTRIBUTION OF, UH, RENTAL ASSISTANCE. UM, IT'S AVAILABLE ON THE CITY'S WEBSITE. UM, IT'S IMPORTANT TO NOTE THAT THE NUMBER OF APPLICA, UH, IT'S IMPORTANT TO NOTE, UM, JUST THE VOLUME OF APPLICATIONS THAT WE'VE RECEIVED SINCE LAUNCHING IN APRIL. UM, THE, WE HAVE, AS YOU CAN SEE ON HERE, WE'VE RECEIVED NEARLY 5,000 APPLICATIONS. UM, AND THIS WAS LAST UPDATED IN JULY. UM, WHILE SOME OF THESE ARE DUPLICATES, THE VAST MAJORITY OF THESE APPLICATIONS HAVE MET ELIGIBILITY, UM, INDICATING THE HIGH DEMAND FOR FINANCIAL AND RENTAL ASSISTANCE. UM, WE KNOW FROM RESEARCH THAT HIGH COST OF HOUSING, UH, RELATIVE TO WAGES AND LOW SUPPLY OF HOUSING IS DIRECTLY LINKED TO DISPROPORTIONATELY HIGHER RATES OF HOMELESSNESS. AND THIS CERTAINLY ALIGNS WITH WHAT WE'RE SEEING, UH, HERE IN LONG BEACH. UH, THE NEXT PROGRAM IS OUR, UH, YOUTH HOMELESSNESS PREVENTION UNIT. UM, SO THIS IS, UM, A, UH, THIS IS A PILOT PROGRAM, UM, THAT, UM, FIRST PILOTED IN LA COUNTY BUT HAS NOT BEEN ACTIVE, UH, HERE IN LONG BEACH. SO WE'RE EXCITED TO BE ABLE TO FUND THEM TO COME HERE, UM, AND FOCUS ON TRANSITION AGE YOUTH HERE IN LONG BEACH. UM, AS I MENTIONED, IT'S FIRST PILOTED IN 2021, UM, AS AN EFFECTIVE PROVEN INTERVENTION FOCUSED ON PROACTIVELY IDENTIFYING PEOPLE WHO ARE HIGHLY AT RISK OF FALLING INTO HOMELESSNESS IN THE NEAR FUTURE AND PROVIDING CRUCIAL SERVICES TO STABILIZE THEM. UM, SO THIS MODEL REALLY RECOGNIZES THAT, UM, PEOPLE OFTEN DO NOT, UH, IDENTIFY THEMSELVES AS AT RISK OF FALLING INTO HOMELESSNESS UNTIL IT'S REALLY IN AN IMMINENT OR, UH, URGENT EMERGENCY. UM, AND OFTENTIMES AT THAT POINT IT'S, UH, IT'S TOO LATE OR IT'S A VERY COSTLY INTERVENTION TO HELP THEM OUT OF, UH, FALLING INTO HOMELESSNESS. SO EARLY INTERVENTION CAN BE MUCH MORE EFFECTIVE AND COST EFFICIENT AS LONG AS WE'RE ABLE TO ACTUALLY IDENTIFY WHO THOSE PEOPLE ARE. UM, SO AS A RESULT, THIS HPU MODEL USES COUNTY DATA SETS TO PROACTIVELY IDENTIFY, UH, PEOPLE DISPLAYING INDICATORS OF RISKS OF HOMELESSNESS AND PROVIDE THEM WITH SPECIALIZED CASE MANAGEMENT AND FINANCIAL ASSISTANCE. UM, THEY'VE REPORTED A 90% HOUSING RETENTION RATE FOR PEOPLE WHO ARE ENROLLED IN THEIR SERVICES. UM, WE'RE EXCITED TO BE UTILIZING MEASURE A FUNDING, BOTH LA CASA PREVENTION DOLLARS AS WELL AS, UH, HOMELESSNESS DOLLARS, UM, TO FUND AN EXPANSION OF THIS PROGRAM HERE IN LONG BEACH. AND AS I MENTIONED, TO FOCUS THAT ON TRANSITION AGE YOUTH WHO ARE AT RISK OF HOMELESSNESS. YES. UH, IN ORDER TO QUALIFY FOR THE PROGRAM, UM, PARTICIPANTS MUST BE RENTERS IN LONG BEACH. UM, HAVE A HOUSEHOLD INCOME AT OR BELOW 50% A MI, UH, BE A TRANSITION AGE YOUTH, UH, BETWEEN THE AGES OF 18 AND 25. UM, BE PROACTIVELY IDENTIFIED BY, UM, THIS, UH, PREDICTIVE ALGORITHM, UM, AS HIGHLY AT RISK OF EXPERIENCING HOMELESSNESS. UM, AND THEN ALSO, UM, HAVE EXPERIENCED AN EMERGENCY OR UNEXPECTED EVENT, UM, THAT PLACES THEM AT RISK OF LOSING HOUSING. UM, COUNTY HPU, UM, IT HAS BEEN, UH, THE CONTRACT HAS BEEN APPROVED BY CITY COUNCIL. WE ARE GOING THROUGH THE CONTRACTING AND PROGRAM DESIGN PROCESS WITH, UH, EXPECTING AN IMMINENT LAUNCH, UM, SOMETIME IN SEPTEMBER. AND FINALLY, UM, LA CASA FUNDS ALSO PROVIDE FUNDING FOR TECHNICAL ASSISTANCE. UM, SO THESE, UH, LONG BEACH'S ALLOCATION WILL BE FOCUSED ON A VARIETY OF POLICY AND RESEARCH ACTIVITIES SUPPORTING OUR OVERALL APPROACH TO HOUSING DEVELOPMENT AND HOMELESSNESS PREVENTION. UM, WE HAVE SOME OF THE EXAMPLES THERE AND WE'RE HAPPY TO ANSWER ANY QUESTIONS ABOUT, UH, ANY OF THAT FUNDING AS WELL. AND SO I THINK THAT'S IT FOR OUR PRESENTATION. UM, HAPPY TO ANSWER ANY QUESTIONS THAT YOU ALL HAVE. DIRECTORS. ARE THERE ANY QUESTIONS ON THE PRESENTATION? UH, I HAVE A COUPLE QUESTIONS. THANK YOU FOR THE PRESENTATION BY THE WAY. YOU BOTH, YOU BOTH DID A GOOD JOB. UM, SO HOW WOULD ONE HEAR ABOUT THIS PROGRAM? I MEAN, UH, SOCIAL MEDIA OR, BECAUSE I SAW YOU THERE WAS A WHAT, WHAT 5,000 APPLICATIONS, RIGHT? SO WHEN THEY GO TO THE UNEMPLOYMENT OFFICE OR SOCIAL SECURITY OFFICE OR JUST, I'M JUST KIND OF CURIOUS OF HOW THE, YOU KNOW, PEOPLE COME AWARE OF THE PUBLIC THAT MEET THESE L GB REQUIREMENTS, KNOW THAT THERE ACTUALLY IS THIS PROGRAM. YEAH, SO WE, UM, DID A, UH, AT LAUNCH WE DID A LARGE SOCIAL MEDIA PUSH. WE ALSO HAVE BEEN WORKING DIRECTLY WITH COMMUNITY-BASED ORGANIZATIONS WHO ARE CONNECTED TO SOME OF THE, UM, CONNECTED TO SOME OF THE, UH, YOU KNOW, POPULATIONS WHO MIGHT HAVE DIFFICULTY ACCESSING OR BEING AWARE OF THOSE, UH, THIS TYPE OF PROGRAM. SO WE'VE WORKED WITH, UH, PROGRAMS THAT FOCUS ON OLDER ADULTS. WE'VE WORKED WITH, UM, CULTURALLY SPECIFIC ORGANIZATIONS, [00:30:01] UM, AS WELL AS, UM, OTHER SORT OF TENANT ADVOCACY TYPE ORGANIZATIONS AS WELL. PERFECT. THANK YOU. UH, AND THEN JUST TO WRAP MY HEAD AROUND A LITTLE BIT, I THINK I SAW IT SAID FROM CALENDAR YEAR 2025 THROUGH 2027, RIGHT. AND ABOUT $10 MILLION OR SO. UM, BUT IT LOOKS LIKE IT REALLY DIDN'T START UNTIL THIS YEAR IN APRIL, PER SE. AM I FOLLOWING THAT? RIGHT. AND UH, I DID, UH, TAKE A NOTE HERE ABOUT THE PREVAILING WAGE AND, UH, PLA REQUIREMENT AND STUFF IN THERE. SO, UH, THAT WOULD, THAT WOULD BE, UH, THAT'LL BE, UH, VERY POSITIVE AND VERY BENEFICIAL FOR LOCAL PEOPLE. THAT'S THE THING TOO, YOU KNOW, THE RESIDENTS IN THE AREA. SO THANK YOU. JUST OUT OF CURIOSITY, OUT OF THE PEOPLE THAT APPLIED THE ALMOST 5,000 APPLICATIONS, HOW MANY OF THEM ACTUALLY QUALIFIED? I KNOW THAT UNDER A HUNDRED WERE GRANTED, BUT HOW MANY QUALIFIED? YEAH, SO WE HAVE CAPACITY IN THE PROGRAM FOR ABOUT 200 TO 250 HOUSEHOLDS. UM, AND THAT'S AGAIN, ASSUMING THAT WE, UH, STICK TO THAT $9,000 MAX, UH, MAX AMOUNT OF FINANCIAL ASSISTANCE. UM, I DON'T KNOW THE NUMBER OFF THE TOP OF MY HEAD, BUT I KNOW THAT THE VAST MAJORITY WERE ELIGIBLE. SO I THINK, UM, THE FIRST SORT OF BATCH OF APPLICATIONS WE SAW, I THINK ROUGHLY ABOUT 2,500 TO 3000 APPLICATIONS. AND I WANNA SAY ABOUT 90% OF THEM WERE ACTUALLY ELIGIBLE. SO, UM, THE TOUGH PART WITH THESE TYPES OF PREVENTION PROGRAMS IS REALLY, UM, THE VAST NUMBER OF PEOPLE, RIGHT? I THINK, UH, THERE'S A LOT OF RESEARCH SHOWING. I, I THINK I RECENTLY SAW RESEARCH THAT ONE IN FOUR PEOPLE IN LA COUNTY ARE BEHIND ON RENT. AND SO, UM, THERE ARE, THERE'S A HUGE NUMBER OF PEOPLE WHO NEED THIS TYPE OF ASSISTANCE AND IT IS A MATTER OF TRYING TO FIGURE OUT WHO NEEDS IT THE MOST AND HOW TO PRIORITIZE WITHIN THAT. 'CAUSE UNFORTUNATELY, UM, WE PROBABLY WILL NOT BE ABLE TO SERVE THE VAST MAJORITY OF PEOPLE WHO, WHO NEED IT. THANK YOU. AND THE SECOND QUESTION, WHAT IS 50% A MI? LIKE WHAT, WHAT'S THE, WHAT'S THAT DOLLAR AMOUNT? THAT'S A GOOD, WHAT'S A, AM I HERE IN LONG BEACH FOR A FA, BECAUSE WE'RE TALKING YOUTH, 50% FOR A FAMILY OF FOUR IS 83,300. AND FOR EXTREMELY LOW IT'S $50,000. AND THEN FOR AN INDIVIDUAL IT'S 58,000 FOR VERY LOW AND EXTREMELY LOW, 35,000. SO THE PEOPLE THAT WE'RE HELPING AGES AT T 25 SHOULD BE MAKING NO MORE THAN $9,000 A YEAR, NO, SORRY, 50% IS 58,300. SO IT WOULD BE LESS THAN 58,300 LESS THAN, AND FOR THE INDIVIDUALS MM-HMM . FOR, FOR A SINGLE, A ONE 58,000, THAT'S THE 80% A MI. IT'S 50%. I, HUH? OKAY. DID YOU ASK 80? NO, I THOUGHT IT WAS 80%. NO. SO 50, SO A MI FOR ONE INDIVIDUAL IS A HUNDRED THOUSAND AND THEN 50% IS 56,000. SO IT'S 50%. ANYONE MAKING 50% OF THE AREA MEDIAN INCOME OR BELOW. DOES IT SAY ON THERE WHAT THE AREA MEDIAN INCOME IS? UM, WHERE'S THE AREA MEETING INCOME? DO YOU KNOW BY ANY CHANCE? SYLVIA? THE MEDIAN FOR ONE PERSON AND 75,650. OKAY. AREA MEETING INCOME SHE JUST SAID IS ABOUT 75,000. SO THEN, UM, IF THEY MAKE UNDER 37,000, THEN THEY QUALIFY FOR THIS PROGRAM. MM-HMM . NO, HCD HAS A VERY COMPLICATED FORMULA. YEAH. WHEN IT COMES TO BRINGING THE, SO I'M LOOKING DIRECTLY AT THE INCOME TABLE THAT GETS, UM, IT'S, I JUST REALIZED WHEN SHE REPORTED THAT AREA MEETING INCOME IS 74,000 AND I WISH I COULD TELL YOU THAT HALF OF THAT 50% IS YOUR ANSWER, BUT IT'S NOT BECAUSE EVERYTHING WE DO IS COMPLEX. BUT JUST KNOW THAT THIS PROGRAM SERVES THOSE MAKING 50% OF AREA MAINTENANT INCOME IN BELOW WHICH FOR 2026 FOR AN INDIVIDUAL IS 35,000. OKAY. SORRY. 58,000. I'M SORRY. IT'S $58,000 OR LESS AND BELOW OR LESS AND BELOW. YES. AND THEN SOMETIMES WE TALK ABOUT 30% OF AREA MEDIAN INCOME AND BELOW, AND FOR THAT IT'S $35,000 AND LESS. IT'S JUST THE CAP AND THEN THEY CAN MAKE DOWN TO $5 AND BE ELIGIBLE. THANK YOU. I WAS JUST CURIOUS TO KNOW. I CAN'T, I CAN'T IMAGINE BEING EARNING UNDER $37,000 AND LIVING IN LONG BEACH AND BEING ABLE TO PAY RENT. YEAH. THANK YOU FOR ALL THAT. THANKS FOR HELPING US PRACTICE EXPLAINING . SORRY. UM, I WAS WONDERING [00:35:01] HOW MANY OF THE YOUTHS WE HAVE THE CAPACITY TO HELP. YEAH, SO WE ARE PLANNING FOR US, UH, ABOUT 50 SLOTS PER YEAR, UM, FOR THAT PROGRAM. UM, AT LEAST FOR RIGHT NOW. AND DO THEY HAVE A DOLLAR CAP PER PERSON? UM, I THINK WE'RE LOOKING TO AVERAGE AROUND, SIMILARLY AROUND 9,000 TO 12,000. UM, BUT THEY'D ALSO BE RECEIVING OTHER SORT OF CASE MANAGEMENT SERVICES AS WELL. OKAY. ANY FURTHER QUESTIONS? UH, YEAH. ONE MORE. JUST MAKE SURE, UM, DID I READ OBVIOUSLY THAT THE SENIORS, THE ELDERS, THEY GET THE PRIORITY TREATMENT, CORRECT? YEAH. FORAL ASSISTANCE, WE ARE, WELL, THERE'S A NUMBER OF THINGS THAT WE ARE PRIORITIZING WITHIN, UH, OUR SORT OF LIKE VULNERABILITY OR RISK ASSESSMENT. BUT WE DO HEAVILY EMPHASIZE AGE. SO PEOPLE WHO ARE OVER 55 ARE PRIORITIZED FOR THAT PROGRAM. AND WE ALSO HAVE A SEPARATE PROGRAM THAT IS NOT FUNDED THROUGH LACOSTA RE. SO IT'S NOT INCLUDED IN THIS, IN THIS UM, PRESENTATION, BUT THAT WAS ALSO RECENTLY LAUNCHED CALLED OLDER ADULT SHALLOW SUBSIDY. AND THAT'S, UM, A LITTLE BIT LESS OF, UH, A INVESTMENT BUT OVER A LONGER PERIOD OF TIME. SO THE IDEA IS PROVIDING PEOPLE SORT OF GAP, UH, GAP FUNDING FOR THEIR RENTAL ASSISTANCE IN ORDER FOR THEM TO HAVE ENOUGH TIME TO BE ABLE TO TRANSITION ONTO ANOTHER MORE PERMANENT, UH, PERMANENT HOUSING RESOURCE. SO YEAH. OKAY. THANK YOU. YEAH. 'CAUSE I DID SEE THERE TOWARDS THE END THERE WAS SOMETHING, YOU KNOW, FOR THE 18 YEAR OLDS TO 25 YEAR OLDS, BUT THEN I SAW THAT LANGUAGE FOR THE 55 AND OLDER. SO OBVIOUSLY, UH, THAT'S WHEN IT BECOMES A LITTLE HARDER TO GENERATE REVENUE, RIGHT? CORRECT. YEAH, WE'RE SEEING A HUGE ISSUE OBVIOUSLY WITH FOLKS WHO ARE ON FIXED INCOME, BUT HOUSING COSTS AND OTHER COSTS ARE GOING UP MUCH, MUCH QUICKER THAN ANY SORT OF SOCIAL SECURITY OR ANYTHING LIKE THAT. SO, UM, THAT'S A BIG AREA OF FOCUS IS HOW DO WE MAKE SURE WE'RE INVESTING IN, IN PROTECTIONS FOR, FOR FOLKS WHO ARE ON FIXED INCOME, WHICH ARE GENERALLY PEOPLE WHO ARE OVER 55. THANK YOU. OKAY. UM, I WILL JUST NOTE THAT THERE IS NO PUBLIC, UH, SO WE WON'T HAVE THE PUBLIC COMMENT. UM, SO CLERK, PLEASE CALL FOR THE VOTE. MOTION IS CARRIED. THANK YOU. AT THIS TIME, WE'LL NOW TAKE NON [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.] AGENDA PUBLIC COMMENTS. ANYONE WHO WOULD LIKE TO SPEAK ON AN ITEM NOT LISTED ON THE AGENDA, PLEASE LINE UP AT THE PODIUM. AND SINCE THERE IS NO UH, PUBLIC, WE WILL MOVE AHEAD. UH, DIRECTORS, ARE [ANNOUNCEMENTS] THERE ANY ANNOUNCEMENTS? OKAY, HEARING NONE. IF THERE'S NO OBJECTION, I [ADJOURNMENT] DECLARE THIS MEETING TO BE ADJOURNED. THANK YOU. HAVE TO ANSWER A QUESTION. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.