A-3. 25-811 CC:HA - ACTION ITEM: (1) Consideration of a Request from Community Corporation of Santa Monica (CCSM) for a $16 Million Residual Receipts Loan for the Jubilo Village Affordable Housing Project; (2) FOUR-FIFTHS VOTE REQUIREMENT: If CCSM's Request is Granted, Approval of a Related Budget Amendment; and (3) Direction to the City Manager as Deemed Appropriate.

Meeting: City Council Meeting Agenda on 2025-02-24 7:00 PM - Regular Meeting of the City Council, Successor Agency to the Culver City Redevelopment Agency Board, Culver City Parking Authority Board, Redevelopment Financing Authority Board, and Culver City Housing

Meeting Time: February 24, 2025 at 7:00pm PST

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Agenda Item

A-3. 25-811 CC:HA - ACTION ITEM: (1) Consideration of a Request from Community Corporation of Santa Monica (CCSM) for a $16 Million Residual Receipts Loan for the Jubilo Village Affordable Housing Project; (2) FOUR-FIFTHS VOTE REQUIREMENT: If CCSM's Request is Granted, Approval of a Related Budget Amendment; and (3) Direction to the City Manager as Deemed Appropriate.

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Meeting: City Council Meeting Agenda on 2025-02-24 7:00 PM - Regular Meeting of the City Council, Successor Agency to the Culver City Redevelopment Agency Board, Culver City Parking Authority Board, Redevelopment Financing Authority Board, and Culver City Housing

Agenda Item