TALX Corporation at Los Angeles City Housing Authority

Expires: Unlock →

This document is a resolution from October 22, 2020, authorizing Los Angeles LOMOD South, Inc. to accept the transfer of ownership of various properties (dubbed "Transferred Properties") from the Housing Authority of the City of Los Angeles (HACLA). The transfer aims to consolidate asset management ownership for greater efficiency and reduced liability. The properties include those with existing debts, such as the Chase Properties ($12,917,347 loan outstanding until January 2037) and the Reflection Properties ($4,229,134 loans outstanding until March 2025), and also those with HAP contracts which will be transferred. The transfer process is expected to commence immediately and conclude by June 2021.

Expires: Unlock →

This document details the authorization and agreements for the Housing Authority of the City of Los Angeles (HACLA) to issue Multifamily Housing Revenue Notes, not to exceed $25,000,000, as a conduit issuer. The financing is for the acquisition, rehabilitation, construction, and equipping of Pueblo del Sol Phase II, an affordable multifamily residential project with 176 units (175 affordable, 1 manager unit) in Los Angeles. The notes provide low-interest funding for the project, which involves substantial rehabilitation estimated at $51.2 million, supported by various funding sources including tax credits and other loans. Key agreements include a Borrower Loan Agreement, a Funding Loan Agreement, and a Regulatory Agreement, which outline the terms for the loan, the roles of the Funding Lender (Citibank N.A.), Fiscal Agent (U.S. Bank National Association), and the Borrower (Pueblo del Sol II Housing Partners, L.P.). The project aims to provide affordable housing units for low and very low-income tenants, with restrictions lasting at least 55 years from the project's operational start.

Expires: Unlock →

This document is the Eleventh Amendment to the Performance-Based Annual Contributions Contract (ACC) between the U.S. Department of Housing and Urban Development (HUD) and the Los Angeles LOMOD Corporation (L.A. LOMOD). It extends L.A. LOMOD's role as the Performance-Based Contract Administrator for Southern California, with a primary term from February 1, 2025, to January 31, 2026, and options for up to four additional six-month extensions, potentially reaching January 31, 2028. The amendment details compensation rates, including a $3,400 base rate for Management and Occupancy Reviews (MORs) and a 1.90% per-unit rate based on Fair Market Rents. It also includes provisions for funding obligations and a transition-out period should HUD rebid the contract.

Expires: Unlock →

This document outlines a Service Payback Loan of 19,527,031.38 from the City of Los Angeles to Lafayette Community Corporation (LCC) for the acquisition of the property at 349 S. La Fayette Park Place. The purpose of the loan is to facilitate the acquisition of a 120-unit apartment building, with 90 units designated as affordable housing for 80% Area Median Income (AMI) households for a period of twenty years. The loan bears a zero percent interest rate, and repayment is primarily through "Service Payback" by providing affordable housing, with a cash repayment option if an Event of Default occurs. The agreement includes detailed terms and conditions regarding loan terms, project development, operation, employment requirements, environmental compliance, and default remedies, as well as specific affordability and accessibility covenants for the property.