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Subject: MLK/BART Senior Homes Project
From: Community and Economic Development Agency
Recommendation: Adopt an Agency Resolution authorizing an affordable housing development loan in an amount not to exceed $2,018,850 to Oakland Community Housing, Inc. and Community Development Corporation of Oakland for the MLK/BART Senior Homes Project located at 3823-3837 Martin Luther King Jr. Way and consolidating an existing $52,000 site acquisition loan with the development loan for a total development loan in an amount not to exceed $2,070,850
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