File #: 13-0342    Version: 1 Name: Amendments To Debt Service Regulations
Type: City Resolution Status: Passed
File created: 2/5/2014 In control: Meeting of the Oakland City Council
On agenda: 3/18/2014 Final action: 3/18/2014
Title: Subject: Amendments To Debt Service Regulations From: Department Of Housing And Community Development Recommendation: A. Adopt The Following Pieces Of Legislation: 1) A Resolution Adopting Amendments To The Rent Adjustment Regulations, Appendix A, Section 10.4 To Require That Debt Service Increases For Newly Purchases Rental Properties Not Exceed Debt Service Calculated On A Standard Financing Model, To Limit Debt Service Rent Increases To A One-Time Cap Of Seven Percent Over The Current Allowable Rent Increase, To Require A Rent Increase Based On Debt Service Be Filed Within Three (3) Years Of The Date Of Closing On The Purchase And To Adopt A Grandparent Clause; And
Attachments: 1. View Report.pdf, 2. 84896 CMS.pdf
Title
Subject:      Amendments To Debt Service Regulations
From:            Department Of Housing And Community Development
Recommendation:   
 
A.  Adopt The Following Pieces Of Legislation:
 
1) A Resolution Adopting Amendments To The Rent Adjustment Regulations, Appendix A, Section 10.4 To Require That Debt Service Increases For Newly Purchases Rental Properties Not Exceed Debt Service Calculated On A Standard Financing Model, To Limit Debt Service Rent Increases To A One-Time Cap Of Seven Percent Over The Current Allowable Rent Increase, To Require A Rent Increase Based On Debt Service Be Filed Within Three (3) Years Of The Date Of Closing On The Purchase And To Adopt A Grandparent Clause; And