10401 Virginia Avenue

The March 17, 2025 record identifies five APNs and documents the ENA after the property was declared Exempt Surplus Land. The September 28, 2026 staff report materially advances the record: it states that AFHDC received project entitlements from the City in September 2026; describes a proposed agreement giving AFHDC evidence of site control for additional funding applications; contemplates a 99-year lease after complete funding, including TCAC tax-credit allocation; identifies proposed LACAHSA, HDFC, and CDLAC/TCAC funding; and states that the residential portion would be 100% affordable under a regulatory agreement governing occupancy, maximum affordable rents, and minimum operating and replacement reserves. AFHDC would have until December 2027 to obtain complete funding and close, with a City Manager extension of up to 12 months, and could terminate if it determined the project was infeasible. Legistar still did not show final action when reviewed September 30, so CCR does not assert that the disposition agreement was approved or executed.