The City Council adopted a resolution to issue up to $45,163,792 in tax-exempt multifamily conduit revenue notes and up to $2,500,000 in taxable multifamily conduit revenue notes for the Weingart Tower 1B Supportive Housing Project. This project, located at 554 South San Pedro Street in Council District 14, is a supportive housing development. The decision also involved authorizing the General Manager of the Los Angeles Housing Department (LAHD) or designee to negotiate and execute the Proposition HHH Construction and Permanent Loan Agreement, including provisions for a higher developer fee, and to negotiate and execute relevant note documents. The City acts as a conduit issuer, meaning it does not incur liability for the repayment of the notes, as they are payable solely from the project's revenues.