The City Council authorized issuance of up to $41.23 million in tax-exempt multifamily mortgage revenue notes and $14.48 million taxable notes to finance Weingart Tower I a.k.a. “Weingart Tower A-134 Upper.” The 134-unit supportive housing project on a 0.41-acre Skid Row site at 555-561 South Crocker Street will include studios and one-bedrooms with on-site manager unit, case-management offices on the 19th floor, a ground-floor cafeteria, and wrap-around services for formerly homeless individuals. Developed by Chelsea Investment Corporation and Weingart Center Association, it leverages HHH loans, NPLH, AHSC, 4% tax credits, city land financing, and tax-exempt debt. The resolution also authorizes Mayor and HCIDLA to execute and deliver all related documents.