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(1) Discuss the Affordable Housing Speaker Series; and (2) Approve Holding a Regular or Special Meeting of the Finance Advisory Committee to Facilitate the Next Affordable Housing Speaker Series Event at a Date to be Determined.
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Meeting Date: July 10, 2024
Contact Person/Dept: John Figueroa /Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [X] Attachments: []
Public Notification: (E-Mail) Meetings and Agendas - Finance Advisory Committee (07/05/2024)
Departmental Approval: Lisa Soghor, Chief Financial Officer (07/05/2024)
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RECOMMENDATION
Staff recommends that the Finance Advisory Committee (FAC): discuss the Affordable Housing Speaker Series; and (2) approve holding a Regular or Special Meeting of the FAC to facilitate the next Affordable Housing Speaker Series event at a date to be determined.
BACKGROUND/DISCUSSION
On April 12, 2023, the FAC established the Affordable Housing Ad Hoc Subcommittee to formulate a speaker series on the economics of affordable housing and identify potential speakers. On September 14, 2023, the City held its first Speaker Series event on Affordable Housing featuring Dr. Stewart Gabriel, Distinguished Professor of Finance and Arden Realty Chair at UCLA Anderson School of Management, Director of UCLA Ziman Center for Real Estate, and Co-Director of UCLA Howard and Irene Levine Affordable Housing Development Program. Dr. Gabriel discussed his latest research, as well as challenges and opportunities in housing policy in a conversation with FAC Chair Andrew Lachman and answered questions from audience members.
The Affordable Housing Ad Hoc Subcommittee currently consists of Committee members Austin, Bauer, and Lachman. Ad Hoc Subcommittee members have been working with the City Manager's Office to plan the next e...
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