City of Culver City — Actors Fund Housing Development Corporation — 10401 Virginia affordable-housing lease negotiations

The sequence is direct and documentable: AFHDC's December 2023 ENA request; January 2025 terms-and-price negotiations; March 2025 Exempt Surplus Land declaration and ENA approval; renewed negotiations in July and September 2026; City staff's statement that AFHDC received project entitlements in September 2026; and a September 28, 2026 consent item recommending approval of an Affordable Housing Property Disposition Agreement and AFHDC HDFC funding application. The proposed agreement would give AFHDC evidence of site control for funding applications and authorize a 99-year lease after complete funding, including TCAC allocation. It identifies proposed LACAHSA, HDFC, and CDLAC/TCAC funding and anticipates LIHTC. The residential portion would be 100% affordable under a regulatory agreement. AFHDC would have until December 2027 to obtain complete funding and close, with a possible 12-month City Manager extension, and could terminate for infeasibility. As of September 30, meeting minutes remained draft and Legistar actions/results were unavailable; CCR therefore does not treat the disposition agreement as finally approved or executed.