City of Oakland - File #: 03-0213-1

• File #: 03-0213-1
• Version: 1
• Name: Affordable Housing Developer Funding
• Type: Report and Recommendation
• Status: Passed
• File created: 2/19/2004
• In control: Meeting of the Oakland City Council
• On agenda: 3/9/2004
• Final action: 4/6/2004
• Title: Subject: Affordable Housing Developer Funding From: Community and Economic Development Agency Recommendation: A follow-up report regarding staff recommendations to 1) increase the maximum income levels for the use of Redevelopment Agency Affordable Housing Funds for ownership housing projects to 120% of median income as long as the average income in the project does not exceed 100% of median income; and 2) use approximately $3.2 million in unallocated affordable housing funds to issue a new Notice of Funding Availability (NOFA) for homeownership and rehabilitation of existing affordable rental housing
• Sponsors: Community & Economic Development Agency

Date	Ver.	Action By	Action	Result
4/6/2004	1	Meeting of the Oakland City Council	Approved as Amended
3/9/2004	1	*Concurrent Meeting of the Redevelopment Agency and Council Community & Economic Development Committee	Approved as Amended the Recommendation of Staff, and Forward

Title

Subject:      Affordable Housing Developer Funding

From:            Community and Economic Development Agency

Recommendation: A follow-up report regarding staff recommendations to 1) increase the maximum income levels for the use of Redevelopment Agency Affordable Housing Funds for ownership housing projects to 120% of median income as long as the average income in the project does not exceed 100% of median income; and 2) use approximately $3.2 million in unallocated affordable housing funds to issue a new Notice of Funding Availability (NOFA) for homeownership and rehabilitation of existing affordable rental housing

Body

[Enter body here.]