Title
Consider recommendations regarding amendment and subordination of loan for K St. Apartments, Fourth District, as follows:
a) Authorize the Director of Housing and Community Development to execute loan documents for the K Street Apartment Project to increase the existing loan in the amount of $155,234 from the City of Lompoc's HOME allocation funds under terms consistent with the Loan Amendment, for a total loan in the amount of $598,599;
b) Authorize the Director of Housing and Community Development to execute subordination agreements to Los Padres Bank and the City of Lompoc in a form approved by County Counsel.
Body
[Enter body here.]