City of Oakland - File #: 15-0256https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2500722&GUID=3031F672-E5E7-4E58-87EC-98C07B5F405D&G=15529D0E-EFE8-4C09-817E-CE554309072ELegistar15City of Oakland - File #: 15-0256https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2500722&GUID=3031F672-E5E7-4E58-87EC-98C07B5F405D&G=15529D0E-EFE8-4C09-817E-CE554309072E3031F672-E5E7-4E58-87EC-98C07B5F405D-2025-08-27-21-01-32Title: Subject: Loan Restructuring For Hismen Hin-Nu And Marcus Garvey Commons From: Housing & Community Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Amending Resolution Nos. 89-108, 90-92,2011-0017, 83921, And 84586 C.M.S. To Modify The Terms Of Existing Loans To The Marcus Garvey Commons Affordable Housing Project At 721 A Wood Street To (1) Allow The New Owner To Assume And Assign The Loans In Order To Consolidate The Loans With Loans For The Hismen Hin-Nu Terrace Project, (2) Extend The Maturity Date To 55 Years, And (3) Change The Interest Rate From 3% To The Applicable Federal Rate; AndWed, 27 Aug 2025 21:01:32 GMT