https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8134518&GUID=8BDADF9D-617F-4E4F-866F-D5C172666677Legistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8134518&GUID=8BDADF9D-617F-4E4F-866F-D5C1726666778BDADF9D-617F-4E4F-866F-D5C172666677-2026-07-12-00-10-03Title: CONSIDER: A. AUTHORIZING the Chief Executive Officer (CEO), or designee, to negotiate and enter into a loan agreement and other related documents (“Loan Documents”) with Treehouse Leimert or affiliated entity, a joint venture between Leimert PropCo LLC (Treehouse) and The Apex Collaborative LLC (collectively, “Developer”), to provide up to $25,000,000 in development financing in support of the construction of The Nathaniel, a 97-unit workforce housing development located at 4421-4437 Crenshaw Boulevard, Los Angeles, CA 90043 (the “Project”); B. AUTHORIZING the CEO, or designee, to negotiate and execute a recorded regulatory agreement establishing a Metro employee housing preference for 100% of the Project units, to be acknowledged by the senior lender; and C. FIND that the Project is categorically exempt from CEQA pursuant to State CEQA Guidelines Section 15332 (Class 32 - Infill Development) pursuant to the findings in Attachment A.Sun, 12 Jul 2026 00:10:03 GMT