File #: 25-0033    Version: 1 Name:
Type: City Resolution Status: Passed
File created: 8/28/2024 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 9/17/2024 Final action: 9/17/2024
Title: Subject: Affordable Housing Funding Programs-Advance Funding Authorizations From: Housing And Community Development Department Recommendation: Adopt A Resolution To Allocate Funds From Measure U Housing Bond And Other Non-Bond Funds In A Total Amount Not To Exceed $113,400,039 To Fund New Construction Of Multifamily Rental Affordable Housing Projects, Homekey And Rapid Response Homeless Housing, Acquisition And Conversion To Affordable Housing And Rehabilitation Of The Existing Affordable Housing, And Authorizing The City Administrator To Make Development Loans Under The New Construction Of Multifamily Rental Affordable Housing Program, Rapid Response Homeless Housing, Acquisition And Conversion To Affordable Housing And Rehabilitation Of The Existing Affordable Housing Without Returning To Council, Contingent On Funding Availability
Sponsors: Housing And Community Development Department
Attachments: 1. View Report And Attachments A, B, C, And D, 2. View Legislation, 3. View Supplemental Memo - 9/5/24, 4. View Supplemental Report - 9/13/2024, 5. 90419 C.M.S.

Title

Subject:                      Affordable Housing Funding Programs-Advance Funding Authorizations  

From:                                          Housing And Community Development Department

Recommendation: Adopt A Resolution To Allocate Funds From Measure U Housing Bond And Other Non-Bond Funds In A Total Amount Not To Exceed $113,400,039 To Fund New Construction Of Multifamily Rental Affordable Housing Projects, Homekey And Rapid Response Homeless Housing, Acquisition And Conversion To Affordable Housing And Rehabilitation Of The Existing Affordable Housing, And Authorizing The City Administrator To Make Development Loans Under The New Construction Of Multifamily Rental Affordable Housing Program,  Rapid Response Homeless Housing, Acquisition And Conversion To Affordable Housing And Rehabilitation Of The Existing Affordable Housing Without Returning To Council, Contingent On Funding Availability