* HOUSING PROJECT: Authorized the Los Angeles Housing Department to issue $1.96 million in loans to a group named A Community of Friends for an affordable housing project at 9130 S. Figueroa St. The nonprofit development corporation will use the money to build a three-story complex consisting of a one-bedroom unit and 39 studio units. The apartments will be rented to people on state disability insurance or general relief. A spokesman for the group said that tenants receiving disability insurance will pay a monthly rent of about $200, while those receiving general relief will pay about $60. The federal Housing and Urban Development Department will subsidize the remaining amount of the $400 monthly rent for each unit. Construction is expected to begin in early 1996 and be completed by the end of that year.
* HOUSING PROJECT II: Authorized the city Housing Department to issue $2.75 million in loans to the nonprofit Figueroa Economical Housing Development Corp. to help finance a 66-unit affordable housing project for seniors at 5503 S. Figueroa St. The corporation, a wing of the Figueroa Church of Christ, plans to begin construction of the two-story complex in November and begin renting in December 1996. The housing project will replace a vacant lot and a dilapidated apartment building that is considered a blight.