City of Oakland - File #: 06-0390

• File #: 06-0390
• Version: 1
• Name: Affordable Homeownership Programs
• Type: Informational Report
• Status: In Council
• File created: 5/10/2006
• In control: Meeting of the Oakland City Council
• On agenda: 6/27/2006
• Final action: 11/6/2014
• Title: Subject: Affordable Homeownership Programs From: Community and Economic Development Agency Recommendation: Action On A Report And Recommendations On Policy Changes For The Affordable Homeownership Development Program Staff Recommendations: 1) Increase The Maximum Subsidy Provided By The City For Affordable Ownership Development Projects, From 40 Percent To 50 Percent Of The Total Development Cost (TDC) Of The Affordable Unit 2) Increase The Target Income Level For Ownership Development Projects From An Average Of 100% To 120% Of Area Median Income
• Sponsors: Community & Economic Development Agency

Date	Ver.	Action By	Action	Result
6/27/2006	1	*Special Concurrent Meeting of the Redevelopment Agency and Council Community & Economic Development Committee	Received and Forwarded	Pass
5/11/2006	1	*Rules & Legislation Committee	Scheduled

Title

Subject:      Affordable Homeownership Programs

From:            Community and Economic Development Agency

Recommendation: Action On A Report And Recommendations On Policy Changes For The Affordable Homeownership Development Program

Staff Recommendations:

1) Increase The Maximum Subsidy Provided By The City For Affordable Ownership Development Projects, From 40 Percent To 50 Percent Of The Total Development Cost (TDC) Of The Affordable Unit

2) Increase The Target Income Level For Ownership Development Projects From An Average Of 100% To 120% Of Area Median Income